Universal Music Turned Dominant Roster of Stars Into $42 Billion

  • Vivendi in talks to sell 10% of music company to Ackman’s firm
  • CEO Grainge has navigated streaming age by leveraging clout
Lucian Grainge and Taylor SwiftPhotographer: Larry Busacca/Getty Images
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When Universal Music Group swooped in to buy the Beatles’ record label EMI in 2011, the band’s longtime producer George Martin called it the “worst thing that music has ever faced.”