Top executives of Universal Music Group are scheduled to meet with analysts in Europe and the United States this week to map out the future of the world's biggest music company.

Top executives of Universal Music Group are scheduled to meet with analysts in Europe and the United States this week to map out the future of the world's biggest music company.

Analysts said it is the first time UMG, a subsidiary of Vivendi Universal, has brought together all its senior managers since the near-collapse two years ago of the media conglomerate, whose debt swelled following an acquisition spree by former chief executive Jean-Marie Messier.

The meetings in London, Paris and New York -- on Tuesday, Wednesday and Thursday, respectively -- come amid ongoing speculation that Vivendi might float shares of its music business, though analysts have quashed that notion and suggested any public offering is years away.

Like its rivals in the business, UMG has taken a hatchet to its cost base and the company would do better to hold off from an IPO until the benefits start to appear, analysts said.

"You'd probably like to see the upside from the restructuring before going public," one analyst said.

A Vivendi spokesman in Paris declined to comment.

Making the rounds for UMG will be chairman/CEO Doug Morris, president/COO Zach Horowitz, chairman/CEO international Jorgen Larsen and vice chairman/CFO Nick Henry.

Universal Music, home to such artists as Eminem, Sheryl Crow and Diana Krall, is expected by analysts to discuss expectations for the industry, which could see a consolidation from five majors to four by the end of the year if Sony Music's merger with Bertelsmann's BMG gets past anti-trust regulators.

The music sector is seeking out new sources of revenue such as mobile phone ring-tones and is trying to adapt to the new model of digital song downloading in the face of rampant piracy and competing forms of entertainment such as video games.

--Reuters