Artists and repertoire

Universal Music Group Acquires Chabaka Music, UAE-Based Digitally-Focused Music Marketing and Distribution Agency

Retrieved on: 
Wednesday, August 30, 2023
A&R, Music, Partnership, Marketing, Culture, Artists and repertoire, Repertoire, Universal Music Group, Entrepreneurship, Acquisition, Publishing, Virgin Records, Collection, Artist, UMG, Knowledge, Growth, Virginity, Film industry

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.

Key Points: 
  • 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.

Universal Music Group Acquires Chabaka Music, UAE-Based Digitally-Focused Music Marketing and Distribution Agency

Retrieved on: 
Wednesday, August 30, 2023
A&R, Music, Partnership, Marketing, Culture, Artists and repertoire, Repertoire, Universal Music Group, Entrepreneurship, Acquisition, Publishing, Virgin Records, Collection, Artist, UMG, Knowledge, Growth, Virginity, Film industry

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.

Key Points: 
  • 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.