Universal Music Group acquired the remaining 30% of Thailand’s RS Group catalog for approximately $18 million. UMG plans strategic acquisitions in high-growth markets like China, India, Thailand, and Indonesia.
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Universal Music Group acquired the remaining 30% of Thailand’s RS Group catalog for approximately $18 million. UMG plans strategic acquisitions in high-growth markets like China, India, Thailand, and Indonesia.
Key Points
Universal Music Group (UMG) has fully acquired Thailand’s RS Group catalog for approximately $65-$70 million, completing a strategic M&A move that follows a 70% stake purchase last year. UMG plans to focus on high-potential markets like China, India, and Indonesia for future acquisitions.
At UMG’s Capital Markets Day, CEO Sir Lucian Grainge outlined a triple-prong strategy involving local A&R, support for entrepreneurs via Virgin Music Group, and targeted M&A in smaller but promising markets rich in local talent.
UMG expects to utilize significant free cash flow—up to $1.66 billion annually—from its adjusted EBITDA for acquisitions, post-dividend commitments….