Just over 18 months ago, a New York Times article stated that the damage Universal Music Group’s archives suffered in a 2008 fire was far greater than originally revealed — while lacking specific details, the article estimated that around 500,000 masters by some of the greatest artists of the past century were destroyed.
While UMG, which is under different management than it was in 2008, was quick to acknowledge that the damage was indeed extensive, it said the Times article dramatically overstated both the quantity and uniqueness of many of the assets that were lost, as well as the number of artists whose work was affected.
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