• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
MENUMENU
  • About
  • Send News Tips

Media Moves

Covering Latinos in the Media Industry

MENUMENU
  • Home
  • About
  • Send News Tips
  • People
  • TV & Radio
  • Programming
  • Print
  • Digital
  • Job Board
  • Archives

Univision Music Group sold for $153 million

March 5, 2008 by Veronica Villafañe

In a regulatory filing, Univision disclosed it sold its music recording and publishing business to Universal Music Group for $153 million. $113 million from the sale of Univision Music Group will be due at closing. Univision will use the $113 million to pay down debt.

UMG includes Univision Records, Fonovisa Records and Disa Records, Univision Music Mexico and Univision Music Publishing. Among the recording artists on their rosters: Marco Antonio Solis, Los Tigres del Norte, Gloria Trevi and Ivy Queen.

As part of the deal, Universal Music, will promote its Latin artists on Univision network.

Related

Filed Under: Entertainment, TV & Radio Tagged With: sold, Univision Music Group

Primary Sidebar

Veronica Villafañe, Editor & Publisher

Emmy award-winning journalist and former president of the National Association of Hispanic Journalists (NAHJ). Currently a reporter for Voice of America, she has worked as an on-air reporter, anchor, writer and producer for Spanish and English-language TV, print and online media, including Univision, Telemundo, Fox 11 News in L.A. and the San Jose Mercury News.

Hispanic media and entertainment contributor to Forbes.

Full bio here

Related

Robert Lopez

Robert Lopez returns to the LA Times

April 19, 2021

Sylvia Rosabal

Sylvia Rosabal named Director of the Office of Cuba Broadcasting

April 16, 2021

Diana Fuentes

Diana Fuentes leaves Express-News to lead IRE as executive director

April 15, 2021

Univision - Televisa

Univision to pay Televisa $4.8 billion in merger deal

April 13, 2021

Angelica Vale

Angélica Vale hired to host new game show on Estrella TV

April 12, 2021

Secondary Sidebar

Media Moves is a mission-driven digital publication aimed at raising the visibility of Latinos in the media. Since its inception in 2007, the site has covered thousands of stories. To keep moving forward, we need your help. That’s why we launched a crowdfunding campaign.

Learn more about why Media Moves needs your support here.

You can contribute to the campaign clicking the button below.

SUPPORT MEDIA MOVES

Related

Get the week’s stories in your inbox. The Media Moves Wrap newsletter is sent Friday mornings.
SUBSCRIBE

Related

FOLLOW US

  • Facebook
  • Twitter
  • Instagram
Copyright © 2021 Media Moves · All Rights Reserved | Terms of Use | Privacy Policy