Other recent music deals: Triller Group announced a $50 million funding round, Musical AI raised an initial $2.1 million investment and more.
Warner had previously acquired a majority stake in the leading African digital music distribution, rights management and label services company in 2022.
Gotee executives Joey Elwood and Toby McKeehan (tobyMac) will continue in leadership roles at the label, as well as at Bell Partners Christian Music.
Also this week: Walk Off Entertainment pacts with Virgin, Capitol CMG strikes a partnership with faith-based label LASAL and more.
Completing the acquisition of [PIAS] “enhances our ability to support the independent artist and label community globally,” said UMG's Boyd Muir.
Completing the acquisition of [PIAS] “enhances our ability to support the independent artist and label community globally,” said UMG's Boyd Muir.
The legendary producer and artist manager has worked with The Boss, Jackson Browne, Shania Twain and Natalie Merchant, among others.
The consortium purchased 19.6 million of Believe's 113 million shares in a two-week tender offer, upping its holdings from 85% a week earlier.
The global investment firm, which is buying the company from Providence Equity Partners, has a plan to expand Superstruct's dominance in Europe.
Also this week: Neon Gold links up with Virgin Music Group for distribution, EMPIRE goes to Bandcamp and more.
