At No. 21, Universal Music achieves the highest rank ever for a major music company and becomes the first selected for the list’s elite Top 25 most innovative companies
UMG also ranked No. 1 in the music category
SANTA MONICA, Feb. 20, 2019 — Universal Music Group (UMG), the world leader in music-based entertainment, has been named to Fast Company’s exclusive annual list of the World’s 50 Most Innovative Companies for 2019, the first major music company to be included on the list in a decade.
At No. 21, UMG is the highest-ranking major music company ever chosen for Fast Company’s list and the first to be selected in the elite Top 25 most innovative companies. UMG is also ranked No. 1 in the music category. The list honors businesses making the most profound impact on industry and culture, showcasing a variety of ways to thrive in today’s volatile world.
Fast Company pointed to the success of UMG’s artist roster, the global reach of its labels and new agreements with leaders in tech and entertainment: “Amid the music industry’s digital transformation, Universal is redefining what a modern label should look like.”
Fast Company added, Universal Music Group “has played an active role in leading the music industry through a period of unprecedented digital transformation.”
This year, Fast Company’s editors and writers sought out groundbreaking businesses across 35 industries and every region. They also judged nominations received through their application process. The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy.