Fiction records is a British record label founded by Chris Parry in 1978 that is best known for being home to successful ban 'The Cure' for more than 20 years .The formerly independent label is now owned by Polydor, a subsidiary of Universal Music Group.
Universal music group is an American Music group and it is currently the largest group in the music industry.It is the largest of the ''big 4'' record companies (Emi, Sony, and Warner). By its commanding market share and its multitude of global operations. Universal Music Group is an entirely owned subsidiary of the french media conglomerate Vivendi.
A conglomerate is a combination of two or more corporations dealing in various forms of business but which all fall together under one larger institution under one corporate structure or group, usually involving a larger parent company and several other subsidiaries. Often, a conglomerate is a multi- industry company.
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