M&A

M&A

Warner Music acquires digital media co in southern market Divo

Business Line  

Warner Music India is to acquire a majority stake in Chennai-based Divo, a digital media and music company. Divo, with a presence across all four South Indian language music markets, offers online video, music distribution, publishing, and digital and influencer marketing solutions for brands, celebrities, and movies. Divo claims to have released more than 30,000 songs last year. Warner Music India has recently forayed into Marathi and Gujarati music. The company also has a regional imprint with its sub-label Maati.