Lucian Grainge
Rainer Hosch
United Kingdom
2021

Universal Music Group

Lucian
Grainge

Chairman / CEO

Grainge’s years-long march toward Universal Music’s September 2021 IPO in Amsterdam paid off. Its first-day worth in excess of $53 billion — the largest IPO in music business history — landed 32.5% over where it was valued just a month earlier. Not bad for a company that some investors pegged at $8.5 billion just eight years ago. The market leader — a combined owned- and distributed label share of 38.4% in the U.S. through October, surpassing its nearest competitor by a dozen points — had 9 of the top 10 albums on the Billboard 200 for the second year in a row and works with all 10 of the top global artists IFPI ranked in its annual report in March. The UMG chairman’s many accomplishments landed him a plaque on the Hollywood Walk of Fame in 2020.

Career

  • Universal Music Group
  • Polygram Entertainment

Variety Honors

  • 2017 Variety500 Honoree
  • 2018 Variety500 Honoree
  • 2019 Variety500 Honoree
  • 2020 Variety500 Honoree
  • EmPOWerment Award
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News from Variety

Michelle Jubelirer Upped to Capitol Music Group Chair and CEO

Michelle Jubelirer Upped to Capitol Music Group Chair and CEO

Michelle Jubelirer has been promoted to chair and CEO of Capitol Music Group. She joined the company in 2013 as EVP and was upped to COO in 2015. She succeeds Jeff Vaughn, who leaves the company "to pursue new opportunities," per a release, and will report to Universal Music Group chairman and CEO Sir Lucian Grainge.Jubelirer will have oversight of labels Capitol Records, Blue Note Records, Astralwerks, Harvest Records, Capitol Christian Music Group and Virgin Music Label and Artist Services....

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