Business

No. 35: Mike Dungan | Power 100

35

MIKE DUNGAN, 62

Chairman/CEO, Universal Music Group Nashville

Last Year's Rank: 29

UMGN's market share dropped from 4.3 to 3.8 percent in 2016, but the label group still led the competition thanks in large part to Chris Stapleton's breakthrough Traveller, the No. 4-selling album of any genre and the No. 1 country LP of 2016, having moved 1.1 million albums. His follow-up and the sophomore album of fellow UMGN success story Sam Hunt were supposed to be out at year-end 2016 but got pushed to 2017, meaning, says Dungan with a laugh, "we exceeded our financial goals despite completely misforecasting our business plan." Veteran Keith Urban also had his fourth straight No. 1 single on the Country Airplay chart (and 22nd overall).

Song Stuck in His Head: "Paul Simon's 'Wristband.' That song hit me right between the eyes. And the man is 75!"

2017 Power 100