Downtown Music Holdings Board Exploring Sale

The board of Downtown Music Holdings, the parent company of independent distributors CD Baby and FUGA as well as a number of other publishing and rights administration businesses, is exploring a sale, sources familiar with the deal tell, among many others, Downtown has held talks with private equity firms and at least one major music company, as its longtime backer, the family of the late, looks to exit its investment, according to two of those sources who spoke on condition of anonymity...

The market share of recorded music revenue generated by labels and artists that release music outside of the major-label system has been growing globally for around a decade. Non-major labels and self-releasing artists’ collective share of the recorded music revenue market grew from 28.6% in 2015 to 36.7% in 2023, according to research by MIDiA.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Downtown Investment Authority CEO says City Council committee is causing more delays in downtown projectsThe head of the group in charge of development and growth in Downtown Jacksonville says the City Council’s efforts to intervene are responsible for more delays in long-awaited projects.
Source: wjxt4 - 🏆 246. / 63 Read more »

Downtown Music Names Molly Neuman President of CD BabyDowntown Music appointed Molly Neuman as CD Baby's president, succeeding Scott Williams. CD Baby's COO Christine Barnum is leaving the company.
Source: billboard - 🏆 112. / 63 Read more »