Virgin Music Group to Acquire Downtown Music | PR Newswire [Video]

Combination Will Create Robust Global End-to-End Solution for Independent Music Entrepreneurs

, /PRNewswire/ — Virgin Music Group, one of the world’s leading partners to independent music entrepreneurs, and the global independent music division of Universal Music Group, announced today it has entered into a definitive agreement to acquire Downtown Music Holdings LLC (Downtown) for cash consideration of $775 million (approximately €737 million). The acquisition, which is subject to regulatory approvals, is expected to close in the second half of 2025. Upon completion, this transaction will bring together two industry-leading providers of client services and music technology, enhancing their offerings and capabilities to serve the independent music community.

Virgin Music Group to Acquire Downtown Music

“Justin Kalifowitz, Andrew Bergman and Pieter Van Rijn have built Downtown Music into one of the most diversified and respected operations in the world,” said JT Myers, Co-CEO, Virgin Music Group. “This combination enables us to expand on the Downtown …