Downtown Music
closedFull company acquisition
Various•Various•Variety
Deal Value
$775M
Multiple
15x
Overview
Universal Music Group has completed its acquisition of Downtown Music Holdings, significantly expanding its independent music services and catalogue portfolio. The deal includes CD Baby, FUGA, and Songtrust platforms.
Key Highlights
- Includes CD Baby distribution platform
- FUGA B2B distribution services
- Songtrust publishing administration
- Expands UMG's indie artist services
Comparable Deals
BMG Rights
$1.2B14x2020
Transaction
Buyer
Universal Music
Seller
Downtown Holdings
Announced
Jan 2024
Closed
January 15, 2024
Streaming
Monthly Streams
N/A (Platform)
Growth
+18% YoY
Top Markets
Global
Catalogue
28,000,000
Songs
0
Albums
0
Hits
Top Songs
- 1. Platform includes millions of independent artists