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Big news for the indie music world.
UMG just bought Downtown Music for $775M.
Downtown houses some of the most vital tools & services available to the independent music sector:
CD Baby→ Distribution for 2m artists
FUGA→ Infra for top indie labels & services
Songtrust→ Pub admin for 445k songwriters
Curve→ Royalty services for 1,500 indie labels
UMG now owns this ecosystem—giving them control over distribution, publishing & label services that power countless independents.
Every year, indies gain market share.
Majors fight back the only way they know how: consolidation.
Sony bought AWAL for $420M
UMG just bought indie stalwart PIAS.
Now Downtown.
I guess if you can’t beat the indies, buy them.
Big news for the indie music world.
UMG just bought Downtown Music for $775M.
Downtown houses some of the most vital tools & services available to the independent music sector:
CD Baby→ Distribution for 2m artists
FUGA→ Infra for top indie labels & services
Songtrust→ Pub admin for 445k songwriters
Curve→ Royalty services for 1,500 indie labels
UMG now owns this ecosystem—giving them control over distribution, publishing & label services that power countless independents.
Every year, indies gain market share.
Majors fight back the only way they know how: consolidation.
Sony bought AWAL for $420M
UMG just bought indie stalwart PIAS.
Now Downtown.
I guess if you can’t beat the indies, buy them.