Universal Music Group (UMG) is an American multinational music company. It is the largest of the"big four" record companies by its leading market share and its multitude of global operations.Universal Music Group is a wholly owned subsidiary of French media conglomerate Vivendi.Universal Music Group owns a music publisher, Universal Music Publishing Group, which becamethe world's largest following the 2007 acquisition of BMG Music Publishing.With the 2004 acquisition of Vivendi's Vivendi Universal Entertainment by General Electric's NBC,Universal Music Group was entirely separated from Universal Pictures. This is the second time amusic company has done so, the first being Time Warner and Warner Music Group completelyseparating from each other.Doug Morris stepped down from his position as CEO on January 1, 2011. Former Chairman/CEO of Universal Music International Lucian Grainge was promoted to CEO of the company. Morrisbecame the next chairman of Sony Music Entertainment on July 1, 2011On November 11, 2011 UMG won its bid for EMI's recorded music operations. The purchase iscurrently awaiting regulatory approval.