Warner Music India acquires a majority stake in Divo; a digital media and music company

by  EVENTFAQS Bureau Entertainment | February 9, 2023 | News

Warner Music India Divo

Warner Music India signs a deal to acquire a majority stake in Divo, a digital media and music company in India with a presence across all 4 South Indian language music markets.

This investment will help deliver Warner Music India’s strategy of having a leading presence in the entertainment sector across the country.

Jay Mehta, Managing Director, Warner Music India said, “I’m so delighted that we’re able to bring the Divo brand under the Warner Music India banner. This move will strengthen our presence in the south of the country, enabling us to have a truly strong Pan-India presence. Divo’s extensive portfolio will not only bolster our core music offering in South India, but its entire artist-influencer ecosystem will further enhance our overall entertainment footprint.”

Alfonso Perez Soto, President, Warner Recorded Music said, “The acquisition of Divo is a major milestone in our Indian journey. We opened for business in 2020 and through a series of strategic deals and culturally relevant artist     signings have fast established ourselves as a key player in the market. We are excited to partner with Shahir and Vishu and the team at Divo, who have built an amazing company that operates at the intersection of four key music markets. Together, we’ll take South Indian music to a global audience.”

Vishu Ramaswamy, Director, Divo said, “We are glad to partner with Warner Music India for the next phase of our growth. Our ideologies and long-term approach towards expansion in India connected in the right manner and with this association we’re sure that we will become the biggest entertainment entity in South India.”

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