Universal Music has entered into an exclusive partnership with Albuquerque Records, a newly launched independent label founded by singer-composer Anirudh Ravichander. The collaboration involves Universal Music India (UMI) and Albuquerque Records jointly releasing future pop and hip-hop music by Ravichander and other artists signed to the label. According to UMI,...
Universal Music Group Invests $90M for Stake in India’s Entertainment Sector
Universal Music Group (UMG), the Dutch -American music corporation with headquarters in the Netherlands and in Santa Monica, CA, has reached a definitive agreement to acquire a 30% stake in Excel Entertainment, an Indian film and digital content studio. UMG will pay $90 million for the stake, a deal that...
Amazon Video and Netflix Vie for India Market
With 460 million Internet users, India is a huge market that is driven by a strong demand for viewing locally generated content. According to KPMG India, U.S. and western programming commands a 0.5 percent viewership share on Indian television, compared to over 60 percent for domestic entertainment. Likewise, Hollywood and...