Universal Music Group, also known as UMG, is one of the leading music companies in the world. The company discovers, develops, markets and distributes recorded music through a network of subsidiaries, joint ventures and licensees in more than 75 countries in the world. It also sells and distributes a variety of music videos and DVD products. The company promotes the legal distribution of music online and over cable and satellite networks. Universal Music Group includes Universal Music Latin Entertainment, which is one of the world s leading Latin music companies. Its music publishing company, Universal Music Publishing Group, owns and acquires rights to musical compositions. Universal Music Group operates a full-service management division, Twenty-First Artists.