Lucian Grainge has signed a new contract that will keep him at Universal Music Group until 2020.
Parent company Vivendi has agreed a five-year development plan with UMG senior management – with Grainge naturally at the centre.
“This plan will enable the company to maintain its profitable growth and continue to play a leading role in the transformation of the music industry,” said a Vivendi release.
The French company also said that UMG “is at the heart of Vivendi’s strategy ...
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