Euan's Blog

Universal Music was once the record company attached to  film studio   Universal Pictures . The company's origins go back to the formation of the American branch of  Decca Records   in September 1934.   The Decca Record Co. Ltd. of England spun American Decca off in 1939.   MCA Inc.   merged with American Decca in 1962. In November 1990, Japanese multinational conglomerate Matsushita Electrica agreed to acquire MCA for US$6.59 billion. In 1995, Seagram acquired 80% of MCA from Matsushita. On December 9, 1996, the company was renamed Universal Studios Inc, and its music division was renamed Universal Music Group; MCA Records continued as a label within the Universal Music Group. In May 1998, Seagram purchased PolyGram and merged it with Universal Music Group in early 1999. Between 1995 and 2000, music companies were found to have artificially inflated compact disc prices through the use of ill...