UMG hits back at claims Downtown deal would harm musical diversity
( October 24, 2025, 08:45 GMT | Official Statement) -- MLex Summary; Universal Music Group has dismissed claims by Impala — an independent record labels’ association — that its takeover of Downtown Music would harm European musical diversity. The word’s largest recorded-music group said it has a "long-standing commitment to cultural diversity in Europe and values the vital role of the independent sector." UMG said the acquisition would improve services available to independents, supporting their "contribution to Europe’s cultural landscape."Statement follows....
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