Universal Music Group's Virgin Music Group has announced its acquisition of Downtown Music for $775 million. This deal comes amid ongoing scrutiny, as various industry stakeholders, including WIN, A2IM, and Secretly Group, have urged regulators to block the acquisition. In a separate development, musician John Mayer has finalized a $45 million deal to purchase the iconic Jim Henson studio lot, previously known for its association with the Muppets. Mayer's acquisition is in collaboration with director McG, marking a significant investment in the entertainment space.
John Mayer, McG buy Jim Henson studio lot for $45M: report https://t.co/gDY7rJ05ix
John Mayer finalizes $45 MILLION deal to purchase Jim Henson's fabled Muppets lot with director McG https://t.co/osBh0GQtXu https://t.co/Ndn1IjUCIR
WIN, A2IM, Secretly Group & More Call on Regulators to Block Virgin Music’s Downtown Acquisition https://t.co/dhYqvP55JO