Universal Music to Buy RS Group Catalog in Thailand, Establish Partnership in Fast-Growing Market

📆 03.07.2023 04:30:00
📰 Variety

⏱ Reading Time:
9 sec. here
2 min. at publisher
📊 Quality Score:
News: 7%
Publisher: 63%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Universal Music Group has struck an agreement to acquire majority control of the second largest music catalog in Thailand, one of the fastest growing music markets in Asia. It is buying 70% of the …

Universal Music Group has struck an agreement to acquire majority control of the second largest music catalog inRS GroupIn its regulatory filing, RS group said that UMG is paying $45 million for the stake and that earn-out payments could lift this by a further $44.9 million . The deal is expected to close in the third quarter of the year.

Thailand’s recorded music sector’s revenue grew by 20% in 2022 to surpass $100 million for the first time ever according to IFPI’s Global Music Report, 2022.

Schreibe Kommentar

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

SiriusXM’s Market Cap Grew $2.7B This Week as Music Stocks Saw Healthy GainsThe Billboard Global Music Index rose 2.5% this week and finished the midpoint of 2023 up 13%.
Herkunft: billboard - 🏆 112. / 63 Weiterlesen »