Downtown Music Holding’s AVL Digital Group, has acquired FUGA. The acquisition will join FUGA’s industry-leading distribution platform, analytics and royalties processing tools, as well as its distribution and aggregation services businesses alongside Downtown’s suite of distribution and monetization capabilities operated across AVL.
FUGA will continue to operate as a standalone company within the AVL Digital Group, and the team will remain the same. All of us at FUGA are excited to be part of a group that shares our a la carte philosophy to providing tech and services to the music industry.
Downtown and FUGA share the belief that rights holders and creators should be empowered to retain control of their creative assets, and this transaction ensures that development of the flexible technology to support this vision remains a priority. Being part of the Downtown / AVL Group will enable FUGA, its clients and partners to benefit from expanded resources, infrastructure and global scale as part of a broader enterprise to more quickly bring to market added services and unparalleled innovation for music industry rights holders.
You have our full commitment that the technology and services we deliver to you will continue to be offered seamlessly during the coming period and beyond. All partner contracts and confidentiality agreements will be fully honored and for the most part it will be business as usual, with some exciting opportunities for our partners to be a part of. Please feel free to reach out to your FUGA business relation with any specific questions._