Music industry giant Downtown Music Holdings is reportedly exploring a potential sale and has been in talks with private equity firms and at least one major music company. Downtown, which oversees popular platforms like CD Baby and FUGA and represents high-profile artists such as John Lennon, Yoko Ono, Miles Davis, and Wu-Tang Clan, has experienced changes in recent years. The company has been shifting focus in recent years from owning copyrights to providing services for copyright holders.
Source: Downtown Music holds talks with PE firms, major music company regarding sale (report)