The transaction does not include Estrella's radio and TV stations.
Also this week: Universal Music Greater China's distribution deal with Chinese label TF Entertainment, ASM Global's new reusable cup partner and more.
Also this week: OSN+ completes its purchase of a majority stake in Anghami, Jay Sean launches a label with Virgin Music Group and more.
The transaction values the WME owner at $13 billion.
The German promoter and ticketing company agreed to buy leading U.K. ticketer See Tickets as well as the Junction 2 and Garorock music festivals.
Also this week: Live Nation and Oak View Group partner on a historic Nigeria arena, Warner Music Group expands its partnership with an India-based label and more.
Also this week: Music financing platform Duetti gets $90 million in new funding, Warner Chappell launches a covers record label and more.
The company will now handle distribution and publishing administration for Chord's catalog, which includes works released by Fleetwood Mac, Maroon 5 and Beyoncé.
Also this week: Skybound launches a new label with FUGA and Downtown, Nigerian singer-songwriter Joeboy teams with Warner Music on a new imprint and more.
"The stakeholders have major investments; it's time," says a former employee.
