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-0.00429184549356235 -0.00351150994927818 -0.00390167772142027 -0.00351150994927818 0.000390167772141943 0.00526726492391721 0.00975419430355053 0.0101443620756925
Stock impact report

Warner Music to Acquire Independent Distributor Revelator [Yahoo! Finance]

Warner Music Group Corp. - Class A (WMG) 
Company Research Source: Yahoo! Finance
acquire the B2B music platform Revelator, which plays distribution and artist-services role similar to that of Downtown, which was recently acquired by Universal Music Group. Terms of the deal were not disclosed; the transaction is subject to customary conditions and is expected to close next quarter. Universal acquired Downtown, which is significantly larger than Revelator, for $775 million, but underwent over a year of regulatory scrutiny from the European Union. More from Variety Netflix and Warner Music Group to Team Up on Music Documentaries on WMG Artists and Songwriters Warner Music Group Names Hannah Karp Executive VP and Chief Communications Officer James Steven Stepping Down as Warner Music's Chief Communications Officer, Read His Farewell Note Formed in 2012, Revelator specializes in digital music distribution, rights management, royalty accounting, and real-time analytics, and its integration with WMG post-closing will transform the services offered by WMG labe Show less Read more
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