Universal Music Group boss Lucian Grainge has tasked his staff with the “lofty goal” of transforming the music business in 2015.

In an end of year memo to executives at UMG (handed to Billboard), Grainge said that it’s no longer enough for Universal to outperform its competitors, adding that the company “must work harder than ever to transform the business itself… for our artists’ benefit, as well as for our own.”

Grainge explained that Universal will use next year ...