Also this week: Virgin hires an evp of global partner relations, BMG combines two crucial teams and SharpTone has a new head of label.
"I went with my gut," says the reggaetón star, who will release new music soon.
In a joint release, the organizations argue the deal would "reduce competition and the independents' bargaining power" if allowed to go through.
The company's publishing division, which includes Songtrust and Sheer, is expected to crank out $200 million in gross revenue in 2024.
Virgin buys the parent company of CD Baby, FUGA, Songtrust and more in a deal expected to close by mid-2025.
Outdusty founder Ed Peto will join Virgin Music Group as senior vice president of international strategy.
Her first release under the label is coming Friday with the single “Si Pasa Una Mosca.”
The decorated industry veteran was most recently svp and head of commercial marketing at the UMG division.
The digital distribution, marketing, publishing and label services company joins Virgin Music Group, UMG's independent music division.
