Vivid Seats has confirmed its first acquisition. The indie secondary ticketing platform has purchased FanXechange for ‘up to’ $85 million CAD ($64 million USD). Founded in 2009 by Brandon Koffler and Shawn Brooks, the Toronto-based white-label company …
Category archives: Mergers and Acquisitions
eOne Acquires Audio Network for $215 Million
Entertainment One (eOne) has confirmed a major acquisition. The content company has purchased popular U.K. indie music production company, Audio Network, for $215 million. Under terms of the deal, the former company writes the move “locks eOne’s positi…
Breaking: Google/Alphabet Acquiring Spotify In $43.4 Billion Cash, Equity Deal
Google/Alphabet is announcing its acquisition of Spotify in a deal valued at $43.4 billion in cash and equity. The acquisition, first reported by the Wall Street Journal with additional details supplied by Bloomberg, gives Google/Alphabet a much strong…
Downtown Music Acquires CD Baby Owner AVL Digital Group (Price Tag: $200 Million)
One of the music industry’s hottest distributors has been gobbled up. CD Baby parent AVL Holdings have just been acquired for roughly $200 million. The buyer, Downtown Music Holdings, gobbled the distributor and various associated AVL properties, inclu…
Harvest Buys Verano to Solidify Market Position Post-Prohibition (Whenever That Happens)
The biggest cannabis companies aren’t big compared to the companies poised to enter the market if and when federal prohibition ends.
Verve Label Group CEO Departs Following a UMG Classics & Jazz Restructuring
Following global consumption growth of classical and jazz music, Universal Music Group has restructured its Classics and Jazz division. Early this morning, Universal Music Group (UMG) has confirmed that Verve Label Group President and CEO Danny Bennett…
Contrary to Vivendi’s Demands, Liberty Media, KKR, and Tencent Music Group Want a Majority Stake in UMG
Could Vivendi majority stakeholder Vincent Bollore ultimately scare off potential Universal Music Group investors? According to a report published this week, three major bidders have emerged as potential suitors for up to half of Vivendi subsidiary, Un…
Three Major Suitors Prepare to Bid for Up to 50% of UMG
Major bidders are ready to buy up to half of Universal Music Group. But, will they accept Vivendi’s strict demands? Two weeks ago, Vivendi posted a great profit from its subsidiary, Universal Music Group (UMG). Across labels, record sales, publishing,…
Ticketmaster Acquires Moshtix, an Australian Indie Ticketing Firm
Live Nation continues its rampant acquisition spree, this time through its subsidiary, Ticketmaster. Ticketmaster has confirmed a new acquisition. The Live Nation subsidiary in Australia has purchased Moshtix. The Australian ticketing firm remains pop…
Live Nation Acquires Norway’s Tons of Rock Music Festival
Live Nation continues to acquire even more companies. Last week, Live Nation confirmed a major acquisition. The Finnish division of the entertainment promoter completely acquired Blockfest, Finland’s leading hip-hop festival. The move came just two day…