Music Business Worldwide: What indie distribution bosses really think about UMG’s proposed acquisition of Downtown and FUGA

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Music Business Worldwide included Symphonic CEO, Jorge Brea in their article of distributor reactions to the potential UMG acquisition of Downtown and FUGA.

“The prospect of Virgin, Downtown, and FUGA merging doesn’t give us cause for concern.
“At Symphonic, we’ve built best-in-class technology and expanded significantly — both internationally and domestically — to serve a growing and diverse roster of clients. “Our independence has always been our strength, allowing us to move quickly, innovate, and provide a level of service and transparency that larger corporate structures often can’t.
“We see moments like this as opportunities to reaffirm what makes Symphonic different. Our platform and infrastructure are ready to easily welcome any artist or label looking for a new home built around independence, flexibility, and partnership.”

– Music Business Worldwide