TM Ventures: Universal Music India acquires majority stake in talent management firm TM Ventures

Common Music India (UMI), a division of Common Music Group (UMG), has acquired a majority stake in TM Ventures for an undisclosed quantity. With the deal in place, UMI and TM Ventures will work throughout its expertise administration, leisure consultancy and stay occasions companies.

Based in 2020 by the Indian entrepreneur Tarsame Mittal, TM Ventures represents a roster throughout music, comedy, TV and movie that features among the nation’s greatest skills, together with Arijit Singh, Nucleya, Badshah, Sunidhi Chauhan, Asees Kaur, Sunny MR, Renuka Parwar, Kapil Sharma, Amit Trivedi, Ajay Atul, Vishal Bhardwaj, Rekha Bhardwaj, Amitabh Bhattacharya, and Zubeen Garg, amongst others.

“We’re delighted to companion with Tarsame Mittal and his crew at TM Ventures. Collectively we are going to speed up UMI’s evolution inside India and South Asia, by increasing the vary of companies we provide, and accelerating our artist improvement actions as a way to introduce the perfect in Indian expertise to new audiences globally,” stated Adam Granite, EVP, Market Improvement at UMG.

A diversified leisure firm, TM Ventures consists of TM Expertise Administration, Leisure Marketing consultant, Music Plus (B2B digital publication), and create and Collab, the producer of annual music convention All About Music.

Collectively, UMI and TM Ventures will supply enhanced companies, encapsulating just about all features of an artist’s journey, spanning actions throughout expertise discovery, music creation, advertising and launch, stay occasions, model options, and sync placements.

“It’s a nice honour to align with Tarsame, one in every of India’s most completed and revered entrepreneurs. Common Music India and TM Ventures share a perception in growing and boosting the careers of homegrown expertise and artists,” stated Devraj Sanyal, MD & CEO, Common Music India & South Asia. “Collectively, with Tarsame and his wonderful co-CEOs Alaap and Saurabh, we are going to increase the scope of alternatives accessible to Indian artists and speed up the expansion of the Indian music market, constructing a brand new, extra expansive mannequin of companies accessible from UMG to all Indian artists.”

Tarsame Mittal, Founder, TM Ventures added, “At TM Ventures, we’re ecstatic to start our partnership with UMG. We now have grown TMV up up to now with nice care, ardour, and a single-minded imaginative and prescient to turn into the corporate we’re. We supply the learnings, imaginative and prescient, and fervour on to this subsequent stage of progress alongside a sturdy world community which shares within the “artist first” perception as a lot as we do. UMG’s expertise, construction, course of, entry, and steerage would be the much-required help for us to work collectively in the direction of our core purpose of offering world-class companies and alternatives to our artists in essentially the most clear and progressive methods. My companions Alaap Gosher and Saurabh Abbi, our core crew household, are very enthusiastic about being part of essentially the most trusted firm within the music enterprise globally. This partnership with UMG will assist us obtain that, and we are able to’t wait to get began.”