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Universal takes majority stake in Indian music company TM Ventures
By Andy Malt | Published on Wednesday 28 September 2022
Universal Music has acquired a majority stake in Indian music and entertainment company TM Ventures, which operates talent management, entertainment consultancy and live businesses.
“We are delighted to partner with Tarsame Mittal and his team at TM Ventures”, says Adam Granite, UMG’s EVP Market Development. “Together we will accelerate Universal Music India’s evolution within India and South Asia, by expanding the range of services we offer, and accelerating our artist development activities in order to introduce the very best in Indian talent to new audiences globally”.
The founder of TM Ventures, the there mentioned Tarsame Mittal, adds: “At TM Ventures, we are ecstatic to begin our partnership with UMG. We have grown TMV up to this point with great care, passion and a single-minded vision to become the company we are. We carry the learnings, vision and passion on to this next level of growth alongside a robust global network which shares in the ‘artist first’ belief as much as we do”.
“UMG’s experience, structure, process, access and guidance will be the much-required support for us to work together towards our core goal of providing world-class services and opportunities to our artists in the most transparent and innovative ways”, he goes on.
“My partners Alaap Gosher and Saurabh Abbi, our core team family, are very excited about being a part of the most trusted company in the music business globally. This partnership with UMG will help us achieve that, and we can’t wait to get started”.
Businesses operated by TM Ventures include TM Talent Management, music industry website Music Plus, and Create & Collab, which produces annual music conference All About Music.
