Virgin Music Group completes Downtown acquisition; Pieter van Rijn named COO as Downtown founder Justin Kalifowitz steps away

Virgin Music Group (VMG) announced on Friday (February 20) that it has completed its acquisition of Downtown Music Holdings LLC (Downtown). The closure follows the European Commission’s approval of the deal last Friday (February 13), subject to Universal Music Group’s commitment to divest Downtown’s Curve royalty accounting business. UMG’s Virgin Music Group first announced the … Continued

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