Universal Music Publishing Group
POWER MOVE: Aggressive A&R strategy resulted in signing breakout acts Miguel and Imagine Dragons.
THE RUNDOWN: Horowitz’s Universal Music Publishing Group was the largest music publishing company until a Sony-led consortium acquired EMI Music Publishing and assigned it to Sony/ATV for administration. As it is, UMPG had revenue of $858 million in its most recent fiscal year. Since assuming the UMPG helm, Horowitz has provided his team with more funding and allowed it to take on more risk so the company can pursue a more aggressive A&R strategy. Horowitz says his most important quality is to “enable the UMPG staff to follow their instincts in a way they haven’t had a chance to do so in the past.” Signings in 2012 included Billy Joel, Miguel and Imagine Dragons, while UMPG renewed its ties with other acts like Jörgen Elofsson (a writer on Kelly Clarkson’s “Stronger”).
Horowitz says UMPG will continue to play a leadership role in building a single database that contains all writer and publisher information. “It would save the industry tens of millions of dollars a year by eliminating duplication,” he says, “and would be a game-changer that could simplify licensing in the future.”