Downtown ‘exploring strategic options’ with Raine Group

New York-headquartered Downtown is currently privately owned. In the past 18 months, the rapid expansion of Downtown Music Holdings – led by CEO Justin Kalifowitz – has included its acquisition of indie artist distributor CD Baby (and parent, AVL) in a $200m-plus deal. And at the top of this year, Downtown acquired recorded music digital services company FUGA for upwards of $40m.

Source: Downtown ‘exploring strategic options’ with Raine Group – including possible sale

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