According to a report from Bloomberg, Anghami is considering selling the company to a pay television network in Dubai called Orbit Showtime Network (OSN). Sources have told Bloomberg that the Middle East music streaming service — whose name means “my tunes” in Arabic — is currently weighing various business options, with a sale prominent among these. […]
The post Is Anghami for Sale? $400 Million Price Tag Rumored appeared first on Digital Music News.
Ticketing company See Tickets, which is owned by Vivendi, has acquired a Swiss ticketing company called StarTicket from the TX Group. StarTicket, which began operations in 2003, reportedly sells about 5 million tickets every year in Switzerland while serving around 750 promoters. With the acquisition, See Tickets now sells nearly 30 million tickets yearly while […]
The post Vivendi-Owned See Tickets Acquires Swiss Indie Ticket Platform StarTicket appeared first on Digital Music News.
Nettwerk Music Group has announced that it plans to recapitalize its business by repurchasing ownership of the company from HBC Investments. The company said that the repurchase was part of what it termed “a broader financing plan that recognizes the success of the Company’s strategy over the past seven years,” while also “providing capital to […]
The post Nettwerk Music Is Buying Itself Back — Plans Repurchase from HBC appeared first on Digital Music News.
Concord Music Publishing has acquired an interest in the Pulse Music Group, resulting in the formation of a joint venture between the two companies. Under the deal, Pulse will continue operating under its own name while receiving funding from Concord. The latter will also administer the former’s catalog and that of any future artists that […]
The post Concord Secures a Major Stake in Pulse Music Group appeared first on Digital Music News.
Leading Hollywood talent agency Endeavor has acquired a hospitality company called On Location Experiences, which was once owned by the National Football League (NFL). The NFL still holds a minority stake in the company, which was purchased in 2015 by the following companies: RedBird Capital Partners Bruin Sports Capital The Carlyle Group 32 Equity The […]
The post Endeavor Acquires Majority Stake in On-Location Experiences in $660 Million Deal appeared first on Digital Music News.
Tencent announced that it and a consortium of investors had concluded its long awaited 10% purchase of Universal Music Group (UMG) from Vivendi for 3 billion euros ($3.36 billion). The acquisition is still subject to regulatory approval and other conditions. But it is expected to be finalized during the first half of 2020. While Tencent […]
The post Tencent Officially Concludes 10% Purchase of Universal Music Group appeared first on Digital Music News.
Just a month after British regulators announced that they were investigating the nearly $4-billion acquisition of Entertainment One by Hasbro, the deal has officially been completed. The Competition and Markets Authority (CMA) had been worried that the deal would result in a “substantial lessening of competition,” but these fears now seem resolved. In conjunction with […]
The post Hasbro Officially Closes $3.8 Billion Entertainment One Acquisition appeared first on Digital Music News.
Culture Genesis has acquired All Def Digital, which was a hip-hop, comedy and culture media company that Russell Simmons founded and which was shuttered earlier this year. While All Def Digital ceased operating during the summer and laid off all of its employees, it still owned valuable assets. This included not only intellectual property but […]
The post Russell Simmons’ Shuttered All Def Digital Finds Buyer appeared first on Digital Music News.
ICM Partners, which is one of the largest talent, literary, and live concert agencies in the United States, have sold 33% of the agency for $150 million to a private equity firm called Crestview Partners. The deal values the company at $450 million. Interestingly, not that long ago, another private equity firm — Rizvi Traverse […]
The post ICM Partners Sells 33% Interest at $450 Million Valuation to Private Equity appeared first on Digital Music News.
North American independent music distributor Redeye Worldwide has announced that they have acquired Border Music, which is a music distribution company based in Sweden. The announcement was made at the company’s annual Label Hang event in Hillsborough, North Carolina. Redeye indicated that Border Music would continue to operate as an independent entity while gaining access […]
The post Redeye Acquires Border Music appeared first on Digital Music News.