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Universal Music India Acquires Majority Stake in Indian Music and Entertainment Firm TM Ventures
Thursday 29 September 2022

Dutch-American music-based entertainment group Universal Music Group's (OTC: UNVGY) Universal Music India division has acquired a majority stake in one of Indian music and entertainment company TM Ventures, the group said.

Together UMI and TM Ventures will work across its talent management, entertainment consultancy and live/events businesses, accelerating UMI's leadership of the domestic Indian non-film music business, and providing TM clients with the resources of UMI locally as well as UMG globally.

Founded in 2020 by Indian entrepreneur Tarsame Mittal, TM Ventures has quickly become a leading name in Indian entertainment, representing a roster across music, comedy, TV and film that includes some of the country's biggest talents, including: 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, among others.

A diversified entertainment company, TM Ventures includes TM Talent Management, Entertainment Consultant, Music Plus (the country's leading B2B digital publication), and Create and Collab, the producer of All About Music, India's annual music conference.

Spanning activities across talent discovery, music creation, marketing and release, live events, brand solutions, sync placements and more--the offering will be unique in the Indian market.

TM Ventures is a consortium of family businesses, including TM Music, Entertainment Consultant, Create and Collab and Music Plus, that places precedence on developing and sustaining long-lasting relationships with everyone affiliated with the company.
Date Published: 29/09/2022