Believe acquires Think Music
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This article was published on November 29, 2021
Article Link: https://brandequity.economictimes.indiatimes.com/news/business-of-brands/believe-acquires-think-music/87976961
This article was published on November 29, 2021
Article Link: https://brandequity.economictimes.indiatimes.com/news/business-of-brands/believe-acquires-think-music/87976961
This article was published on November 3, 2021
Paris-headquartered Believe has acquired a 25% stake in Play Two, one of France’s leading independent labels.
Believe said today (November 3) that the deal would accelerate the digital growth of Play Two, which remains a subsidiary of the TF1 group.
Believe didn’t disclose a price for the deal, but did say: “The transaction values Play Two at just under €50 million on a 100% basis.”
As a result, it’s fair to assume that, for a 25% stake, Believe paid around €12.5 million (approximately USD $14.5 million).
To read the entire story click on the link – https://www.musicbusinessworldwide.com/believe-buys-25-stake-in-french-indie-label-play-two-for-around-14-million/
Believe, which listed on the Paris stock exchange this summer, has revealed its interim financial results for the first six months of 2021.
On an organic basis, Believe’s global revenues rose 30% to €260 million (USD $315m) in the half-year period, up from €196 million in the same period of 2020.
To read more click the link below:
https://www.musicbusinessworldwide.com/believe-revenues-jump-30-in-h1-2021-to-over-300-million/