The American Companies That Aren’t Actually American Anymore

Universal Music Group

Everybody knows about the three major record label companies: Sony Music, Warner Music Group, and Universal Music Group. Universal Music Group was founded in 1934 and has been one of the world’s top record companies, producing some of the best music. You may think of the company as American-owned, but this hasn’t been the case for years.

Vivendi, which is a French company, has owned a majority of the company for years but recently struck a deal with Chinese company Tencent in 2020. Tencent ended up paying a whopping $33.4 billion just for 10 percent of the company.