PRACTICUM REPORT

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:: COMPANY PROFILE ::

The leading record company in the Philippines was first established as WEA Records Philippines in 1977. After 15 years of fruitful partnership with WEA Records International, the foreign licensor put up its own office in the country. 

On July 2, 1992, Universal Records was born and has since risen to become a top name in the local music industry. Universal Records currently boasts th e likes of Backstreet Boys, Britney Spears, The Venga Boys, Steps, and R. Kelly in its Foreign Artist lineup. The company has also strengthened its Original Pilipino Music (OPM) repertoire, with the likes of bestselling artists Jose Mari Chan, Gary Valenciano, Apo Hiking Society, Kuh Ledesma, Jake Concepcion and Celeste Legaspi.

The new artists Universal Records introduced in the music scene -- Smokey Mountain, Geneva Cruz, Gino Padilla, Weedd, Parokya Ni Edgar, UMD and Willy Garte -- have likewise become platinum/multi-platinum sellers. Due to the enormous sales of its OPM artists, Universal Records maintains its consistent share of at least 20 percent of the annual gross in the Philippines.

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