Universal Music Group Acquires Ingrooves Music Group

February 12, 2019

Universal Music Group (UMG) agreed to acquire the remaining shares of Ingrooves Music Group, taking full ownership of the independent music distribution and marketing company while retaining Bob Roback as CEO. UMG said the deal will expand Ingrooves' geographic reach and service capabilities for independent artists and labels and will create a strategic partnership between UMG’s Caroline International and Ingrooves to enhance global distribution and marketing services.

Buyers
Universal Music Group
Targets
Ingrooves Music Group
Location
California, United States
Transaction Type
Buyout

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