UK-based investor Independent Franchise Partners takes 3% stake in Universal Music Group worth $1.2bn+
A so-called ‘activist’ investor based in London called Independent Franchise Partners (IFP) has built a 3.01% stake in Universal Music ...
Tag: stake
Universal Music acquires stake in superfan app Stationhead
Universal Music Group has acquired a minority stake in superfan platform Stationhead.UMG’s minority investment in the company follows Stationhead’s merger ...
Sony Music buys 49% stake in music unit of Vietnam media giant YeaH1; companies launch new SYE Holdings joint venture
Sony Music is making significant moves in Vietnam.Last month, the company bought a 49% stake in 1Label JSC, the music ...
Live Nation acquires majority stake in Chile’s Movistar Arena
Live Nation has made Latin America a central focus of its international expansion, and the concert and venue company’s latest ...
K-pop superfan platform bemyfriends, a rival to Weverse, acquires controlling stake in SK Group’s music streaming operator Dreamus for $38.5m
bemyfriends, a startup operating fandom platforms for K-pop fans and other communities, agreed to acquire a majority stake in Dreamus, ...
Frank Sinatra Estate Stake Acquired by Iconic Artists Group
Iconic Artists Group (IAG) has acquired a portion of the Frank Sinatra estate. IAG founder Irving Azoff revealed the news ...
HYBE sells $27m stake in rival YG Entertainment’s YG Plus subsidiary
South Korean entertainment powerhouse HYBE sold its entire 7.67% direct stake in YG Plus, a subsidiary of rival YG Entertainment, ...
Live Nation strikes $646 million deal to increase stake in Mexico’s OCESA
Live Nation Entertainment is set to acquire an additional 24% stake in Mexican concert promoter OCESA, accelerating a purchase agreement.The ...
HYBE is selling its entire stake in K-Pop rival SM Entertainment to Tencent Music for nearly $180m
South Korean entertainment giant HYBE is selling its entire 9.38% stake in rival K-Pop firm SM Entertainment.The buyer is Tencent ...
Big Loud sells Morgan Wallen catalog stake to Chord for $200m+
Big Loud, the Nashville-based record label home to country superstar Morgan Wallen, has sold a minority stake in Wallen’s master ...
