UNI’S UNITE: UNIVERSAL MUSIC ACQUIRES UNIVISION MUSIC

Posted by Torrent in Electronics, Tech News
04
Mar
2008

Universal Song Group is right away appropriation Univision Song Group, a cat-like gash in to a Latino marketplace.   A squeeze increases an already autocratic Universal Song marketplace share, as good as diversifies a repertoire tremendously.   Univision Song Group, which commands some-more than thirty percent of a Latino song marketplace, is a powerful for labels Fonovisa, Disa as good as Univision.   A understanding was hermetic for in between$ 100 million as good as$ 150 million, according to estimates, yet conjunction celebration disclosed monetary conditions.

For Univision Song Group primogenitor Univision Communications, which offers a little service upon a$ 10 billion debt bucket, a critical overhang.   As partial of a agreement, Universal Song will benefit on trial inclusion inside of a ultra-powerful Univision as good as TeleFutura promote networks.   Univision Song Group is home to artists Los Tigres del Norte, Los Angeles Azules, as good as Conjunto Primavera, as good as a low catalogue of comparison Latino artists.   “This merger expands UMG’s participation in a single of a many energetic as good as critical genres of song currently, ” commented Universal Song Group boss Zach Horowitz following a deal

No Comments »

No comments yet.

Leave a comment