Universal Music Group Acquires Chabaka Music, UAE-Based Digitally-Focused Music Marketing and Distribution Agency
LONDON and DUBAI, United Arab Emirates, Aug. 30, 2023 /PRNewswire/ -- Universal Music Group (UMG), the world's leader in music-based entertainment, today announced that it has entered into an agreement to acquire UAE-based music company, Chabaka, part of the CHBK Group.
- Chabaka provides digital distribution, marketing, publishing, and label and artist services in the Middle East and North Africa (MENA) region.
- With offices across the entire MENA region, Chabaka has to date signed agreements with more than 150 independent artists and local labels across the region.
- The acquisition of Chabaka complements UMG's current service offering and footprint in the fast-growing and dynamic MENA market, which saw growth in recorded music revenues of 23.8% in 2022.
- Following the acquisition, Chabaka will become part of UMG's Virgin Music Group, working closely with the local Virgin and UMG teams in MENA.