UNIVERSAL MUSIC INDIA ACQUIRES MAJORITY STAKE IN TM VENTURES, A LEADING INDIAN MUSIC & ENTERTAINMENT COMPANY – PR Newswire
TM Ventures Represents A few of India’s Most Profitable Expertise throughout Music, Comedy, TV and Movie, Together with: Arijit Singh, Nucleya, Badshah, Sunidhi Chauhan, Asees Kaur, Sunny M.R., Renuka Parwar, Kapil Sharma, Amit Trivedi, Ajay Atul, Vishal Bhardwaj, Rekha Bhardwaj, Amitabh Bhattacharya, Zubeen Garg and Extra
MUMBAI, India, Sept. 28, 2022 /PRNewswire/ — Common Music India (UMI), a division of Common Music Group (UMG), the world chief in music-based leisure, at the moment introduced that it has acquired a majority stake in one among India’s main music and leisure corporations, TM Ventures. Collectively UMI and TM Ventures will work throughout its expertise administration, leisure consultancy and reside/occasions companies, accelerating UMI’s management of the home Indian non-film music enterprise, and offering TM purchasers with the sources of UMI domestically in addition to UMG globally.
Based in 2020 by the extensively revered Indian entrepreneur Tarsame Mittal, TM Ventures has rapidly turn out to be the main title in Indian leisure, representing a roster throughout music, comedy, TV and movie that features a few of the nation’s greatest skills, together with: Arijit Singh; Nucleya; Badshah; Sunidhi Chauhan; Asees Kaur; Sunny M.R.; Renuka Parwar; Kapil Sharma; Amit Trivedi; Ajay Atul; Vishal Bhardwaj; Rekha Bhardwaj; Amitabh Bhattacharya; and Zubeen Garg, amongst others.
A diversified leisure firm, TM Ventures contains TM Expertise Administration, Leisure Advisor, Music Plus (the nation’s main B2B digital publication), and Create and Collab, the producer of All About Music, India’s premier annual music convention. Collectively, UMI and TM Ventures will supply enhanced companies, encapsulating nearly all points of an artist’s journey. Spanning actions throughout expertise discovery, music creation, advertising and launch, reside occasions, model options, sync placements and extra—the great providing will probably be distinctive within the Indian market.
Adam Granite, UMG’s Government Vice President, Market Improvement, mentioned, “We’re delighted to associate with Tarsame Mittal and his workforce at TM Ventures. Collectively we’ll speed up UMI’s evolution inside India and South Asia, by increasing the vary of companies we provide, and accelerating our artist growth actions with a purpose to introduce the easiest in Indian expertise to new audiences globally.”
Devraj Sanyal, MD & CEO, Common Music India & South Asia mentioned, “It’s a nice honor to align with Tarsame, one among India’s most completed and revered entrepreneurs. Common Music India and TM Ventures share a perception in creating and boosting the careers of homegrown expertise and artists. Collectively, with Tarsame and his glorious co-CEOs Alaap and Saurabh, we’ll develop the scope of alternatives obtainable to Indian artists and speed up the expansion of the Indian music market, constructing a brand new, extra expansive mannequin of companies obtainable from UMG to all Indian artists.”
Tarsame Mittal, Founder, TM Ventures mentioned, “At TM Ventures, we’re ecstatic to start our partnership with UMG. Now we have grown TMV up thus far with nice care, ardour, and a single-minded imaginative and prescient to turn out to be the corporate we’re. We feature the learnings, imaginative and prescient, and fervour on to this subsequent stage of progress alongside a strong world community which shares within the “artist first” perception as a lot as we do. UMG’s expertise, construction, course of, entry, and steerage would be the much-required assist for us to work collectively in the direction of our core objective of offering world-class companies and alternatives to our artists in probably the most clear and revolutionary methods. My companions Alaap Gosher and Saurabh Abbi, our core workforce household, are very enthusiastic about being part of probably the most trusted firm within the music enterprise globally. This partnership with UMG will assist us obtain that, and we will not wait to get began.”
About TM Ventures
TM Ventures is a consortium of household companies, together with TM Music, Leisure Advisor, Create and Collab and Music Plus, that locations priority on creating and sustaining long-lasting relationships with everybody affiliated with the corporate. As an extension of founder Tarsame Mittal’s imaginative and prescient, the corporate views leisure as a supply of sustenance for all, providing 360-degree options throughout the board.
About Common Music Group
At Common Music Group, we exist to form tradition by means of the facility of artistry. UMG is the world chief in music-based leisure, with a broad array of companies engaged in recorded music, music publishing, merchandising and audiovisual content material. That includes probably the most complete catalogue of recordings and songs throughout each musical style, UMG identifies and develops artists and produces and distributes probably the most critically acclaimed and commercially profitable music on this planet. Dedicated to artistry, innovation and entrepreneurship, UMG fosters the event of companies, platforms, and enterprise fashions with a purpose to broaden creative and business alternatives for our artists and create new experiences for followers. For extra info, go to www.universalmusic.com.
SOURCE Common Music Group