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Universal’s Virgin Music Group to Acquire Downtown Music for $775 Million
In a long-rumored move, Virgin Music Group, the independent music division of Universal Music, will acquire Downtown Music Holdings for $775 million
We have no doubt that the breadth and high level of service Downtown provides to its clients will be strengthened working with Nat, JT and the whole Virgin Music team.” “We aren’t just making an acquisition; this is an investment into the global independent music ecosystem and a commitment to nurture current and future creators and entrepreneurs with world-class support, services, and capabilities they require at any phase of their careers.” Initially established as a music publishing company in 2007, Downtown is dedicated to empowering artists and businesses globally in the fast-evolving digital landscape.
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