One of the big questions around Universal Music Group’s quarterly financials announcement yesterday was whether it would provide an update on the $63.5bn acquisition bid for the company made by hedge-fund […]
Tag: Downtown Music
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WMG to buy Revelator in wake of UMG’s Downtown Music acquisition
Two theories emerged when UMG completed its acquisition of Downtown Music Holdings recently. One was that the lengthy regulatory scrutiny of the deal might discourage major labels from other indie […]
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Virgin Music Group completes Downtown Music Holdings acquisition
Days after securing regulatory approval of its acquisition of Downtown Music, UMG’s Virgin Music Group has completed the $775m deal.
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EC approves UMG’s Downtown deal… so what happens next?
The decision was so thoroughly leaked in advance that its announcement came as no surprise, but the European Commission has given the green light to UMG’s Virgin Music Group for its acquisition […]
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UMG update: Downtown deal to be approved? Plus Def Jam China
This won’t come as a surprise to anyone who’s been keeping track of developments in UMG’s regulatory fight to buy Downtown Music Holdings, but the deal is reportedly set to […]
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UMG may sell Curve Royalty Systems to smooth Downtown deal
Yesterday, we reported that Universal Music Group had submitted what it described as a “robust remedy” to persuade European regulators to give its Downtown Music acquisition the green light. We also suggested […]
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UMG responds to EC regulators’ concerns about Downtown deal
There is news on the European Commission’s investigation into UMG’s acquisition of Downtown Music. UMG has filed its response.
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Downtown Music CTO, Tom Allen: “People are running scared from AI”
Technical skills: Tom Allen is CTO at Downtown Music, where he oversees the company’s deployment of technology and how it works with external products and services. Music companies’ relationship with […]
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Martin Mills warns against ‘halfway house’ for UMG Downtown deal
The latest battlefield for UMG division Virgin Music Group’s planned acquisition of Downtown Music is a broadsheet newspaper: The Times in the UK. In a profile of Beggars Group founder and […]
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Report: UMG to face ‘formal warning’ from EC over Downtown deal
Developments appear to be afoot with the European Commission’s probe into Universal Music Group’s acquisition of Downtown Music Holdings. At least, that’s according to Bloomberg, which reported that the deal will […]
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SOM chairwoman sets out Swedish concerns about Downtown deal
The latest opinion piece criticising UMG’s plans to buy Downtown Music comes from Eva Karman Reinhold (pictured), chairwoman of Swedish industry body SOM, and a board member of European organisation […]
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AIM chair delivers warning about tone of UMG/Downtown debate
UK indies body AIM held its AGM yesterday, and chair Ruth Barlow focused on the arguments about UMG’s Downtown Music acquisition.
