January 27, 2020
New York, Manchester
Digital Media and Media
GCA advises Downtown’s AVL Digital Group on its acquisition of FUGA
GCA is pleased to announce our client, global music company Downtown Music Holdings, announced that its subsidiary, AVL Digital Group, has acquired FUGA®, the Netherlands-based B2B music technology and services company.
FUGA will continue to function as a standalone business within Downtown’s suite of distribution and monetization capabilities operated across AVL. As part of a broader enterprise, FUGA, its clients and partners will benefit from expanded resources, infrastructure and global scale to more quickly bring to market added services and unparalleled innovation for music industry rights holders.
With a flexible technology platform that provides content management, workflow and distribution services, delivering to more than 260 different digital service providers globally, FUGA enables distributors, record labels, artist services companies and other rights holders to directly reach the world’s music streaming market. In addition, FUGA provides full service marketing, promotion, monetization and label services to the rapidly growing independent music sector. At present, more than 500 different businesses, such as labels, artist platforms, distributors and other rights holders around the world rely on FUGA’s technology and services to support their operations.
“The exceptional team at FUGA and their unique focus on providing best-in-class capabilities has put the company at the forefront of empowering the fastest growing sector of the music industry. Following our acquisition of AVL, integrating FUGA is a natural next step for Downtown in developing businesses that support a more equitable and innovative music ecosystem,” said Downtown Music Holdings CEO Justin Kalifowitz.
This is GCA’s latest digital media transaction, following our recent successful transactions including the sale of dataxu to Roku and the majority investment received by Food52 from TCG Capital Management.