"Together, we are firmly positioned to be the best partner for independent music entrepreneurs, artists, and creators around the world - in spirit, values, and ambition."
"We realize that the regulatory process for this deal was long. Yet throughout it all, our top priority has been to stay focused on you. We're grateful for your trust and hope you've witnessed our commitment to the work we do for you as your partner."
Songtrust, a music publishing administration firm, reported that Downtown Music Holdings has completed its acquisition and merger with Virgin Music Group, a transaction reportedly valued at $775 million. Downtown founder Justin Kalifowitz will step away from the company he founded in 2007. The combined company released a statement positioning the merged businesses as committed partners for independent music entrepreneurs, artists, and creators globally. The statement acknowledged a lengthy regulatory review during the deal and emphasized continued focus and gratitude toward partners and creators, underscoring a commitment to the work the company will do on their behalf.
Read at RAIN News
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