M&A

M&A

Times Music acquires regional labelsSymphony Recording, ARC Musicq

Times of India  

Mumbai-based Times Music has acquired two regional record labels: Chennai-based Symphony Recording Co and Bengaluru-based ARC Musicq. These deals are the company's first acquisitions since partnering with Primary Wave Music, an independent publisher of music, in 2023.Growing from a retail music store in 1983 to South India's top devotional music label, Symphony Recording Co is claimed to have the largest catalogue in the genre, with over 350 audio and 100 video albums. Its devotional songs contribute to a majority of its YouTube revenue, which has doubled in the past 4 years. Its six channels are claimed to have a viewership of nearly 2 Billion.ARC Musicq, a leading Kannada music label, has been distributed by Times Music since 2017. Since its inception in 1985, it has contributed to over 75% of A-grade movie original soundtracks (OSTs). The label's four YouTube channels are claimed to have a viewership of over 2 Billion.