Director, New Digital Business & Innovation at Universal Music Group

Santa Monica, California, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Music, EntertainmentIndustries

Requirements

Bachelor’s Degree Preferred
MBA or JD a plus
3+ years of experience in music-related business development, music startup or music tech accelerator-oriented programs
In-depth understanding of the music business and digital media landscape
Inherent desire to stay current on developments in digital technology
Familiarity with the start-up finance eco-system
Ability to synthesize and communicate complex information from disparate sources into a clear and compelling story that helps key internal decision makers commit to action
Advanced presentation skills with an eye to aesthetics and design to facilitate communication
Creative thinking and ability to seek innovative solutions to complex technical and business problems
Strong quantitative and analytical skills
Ability to partner and collaborate with a diverse range of interests and perspectives
Team player with a deep love of music
Passion for music and an entrepreneurial spirit
Process and detail-oriented
Intellectually curious
Thrives in a high-demand, performance-driven environment

Responsibilities

Think strategically and synthesize information to develop new digital business opportunities
Build business cases leveraging internal data, secondary research and advanced quantitative and qualitative modeling
Manage relationships with multiple partners across the investment and entrepreneurial communities
Lead and create new initiatives that meet the team’s objectives
Stay up to date with digital technology developments
Source compelling new digital business and licensing opportunities
Create and present research and analysis such that it is easily digestible and ultimately transformed into a strategic narrative for both internal and external review
Partner closely with Innovation team to analyze pipeline of startups sourced through innovation programs and startup partnership ecosystem
Engage with early-stage companies
Build strong networks with the Venture Capital community
Develop go-to-market strategies
Challenge the status quo and re-imagine business processes wearing a digital lens
Recommend digital business opportunities for implementation
Drive open and transparent communication both within the group and externally across UMG and its record labels

Skills

Key technologies and capabilities for this role

Business DevelopmentDigital StrategyInnovationMarket AnalysisVenture Capital NetworkingGo-to-Market StrategyQuantitative ModelingQualitative ModelingStrategic ThinkingRelationship Management

Questions & Answers

Common questions about this position

What is the location for this position?

The role is based in Santa Monica.

What salary or compensation does this role offer?

This information is not specified in the job description.

What experience and skills are required for this role?

Candidates need 3+ years of experience in music-related business development, music startup or music tech accelerator-oriented programs, in-depth understanding of the music business and digital media landscape, familiarity with the startup finance ecosystem, and ability to synthesize and communicate complex information clearly.

What is the team environment like at UMG for this role?

The Director will join a team of high performers working to promote the digital evolution of UMG through innovation, startup engagement, market analysis, and creative licensing in a high-demand, performance-driven environment.

What makes a strong candidate for this Director position?

The ideal candidate has a passion for music, an entrepreneurial spirit, is process and detail-oriented, intellectually curious, and thrives in a high-demand environment, with a Bachelor’s degree preferred and MBA or JD a plus.

Universal Music Group

Global music recording, publishing, and distribution

About Universal Music Group

Universal Music Group (UMG) operates as a major player in the global music industry, engaging in recording, publishing, and distribution across over 60 countries. The company works with a wide range of clients, from famous artists like Elton John and Taylor Swift to new and independent musicians. UMG's operations include selling physical and digital music, streaming services, licensing music for various media, and organizing live performances. The company signs artists to contracts, produces their music, and manages their publishing rights, while also offering marketing and promotional services to help artists expand their reach. UMG generates revenue through multiple channels, including music sales, streaming subscriptions, licensing fees, live performances, and merchandise. This diverse approach allows UMG to maintain its leadership position in the music market by providing comprehensive support to artists and capitalizing on various revenue opportunities.

Santa Monica, CaliforniaHeadquarters

1934Year Founded

$3,890.9MTotal Funding

IPOCompany Stage

Consumer Goods, EntertainmentIndustries

10,001+Employees

Benefits

Competitive Salary

401k

Flexible PTO

Medical, dental, visiion insurance

Student Loan Repayment Assistance & Tuition Reimbursement

Well-Being Allowance

Risks

Legal battle with Drake over 'pay-for-play' could harm UMG's reputation.

Downtown Music acquisition may face regulatory scrutiny, delaying expansion plans.

AI partnership with Amazon may not fully address evolving AI content challenges.

Differentiation

UMG leads the music industry with a diverse global presence in 60+ countries.

UMG's artist-centric streaming model enhances engagement and revenue for musicians.

UMG's strategic partnerships, like with Amazon, bolster innovation and content protection.

Upsides

UMG's acquisition of Downtown Music boosts its independent music sector presence.

Partnership with KLAY Vision positions UMG as a leader in AI-driven music innovation.

Collaboration with WPP enhances UMG's marketing capabilities and global reach.

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