Virgin Music to Buy Saban Music Latin
05 Gennaio 2024 - 9:34AM
Dow Jones News
By Nina Kienle
Universal Music Group's division Virgin Music Group said that it
would acquire music entertainment company Saban Music Latin for an
undisclosed price.
Virgin Music said late Thursday that it would acquire Saban
Music Latin's catalogue and release future albums by selected Saban
Music Latin's artists. The companies didn't disclose financial
details.
Virgin Music said it had previously partnered with artists and
labels in Latin music and that the acquisition complements its
artist roster.
Saban Music's founder, Haim Saban, acts as an independent
nonexecutive director of Universal Music.
Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
January 05, 2024 03:19 ET (08:19 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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