Universal Music Group to Acquire Univision's Music Assets

Authored by Mark Hefflinger on February 29, 2008 - 8:17am.

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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