Los Angeles - Major record label Universal Music Group, a
unit of Vivendi, announced that it will acquired the Latin music recording and
publishing division of Spanish-language media firm Univision Communications,
effectively making it the largest player in the U.S. Latin music market.
Financial
terms of the deal were not disclosed.
Univision owns labels including Univision
Records, Fonovisa, Disa and La Calle, whose roster acts include Los Tigres del
Norte and Marco Antonio Solis.
Under the deal, Universal Music will continue to
promote its Latin artists on Univision's television networks.
Related Links:
http://snipurl.com/20oj0
http://www.univision.net
http://www.umusic.com
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