Times Music Acquires Two Major Indian Labels Following Primary Wave Partnership
Times Music has acquired two prominent Indian record labels - ARC Musicq and Symphony Recording Co. - marking their first acquisitions since partnering with Primary Wave Music in 2023.
Symphony Recording Co., established in 1983, has grown into South India's leading devotional music label, specializing in Tamil spiritual music. Their catalog includes:
- 350+ audio albums
- 100+ video albums
- Collaborations with legendary artists like Dr. Balamurali Krishna
- Nearly 2 billion YouTube views across 6 channels
- Doubled YouTube revenue in the past 4 years
Music acquisition deals between Indian labels
ARC Musicq, a prominent Kannada music label founded in 1985, brings:
- Leadership in Kannada film soundtracks (75% of A-grade movie OSTs)
- Extensive folk and devotional music catalog
- 2+ billion YouTube views across 4 channels
- Quadrupled YouTube revenue in past 3 years
- Existing distribution partnership with Times Music since 2017
These acquisitions strengthen Times Music's position in:
- Tamil spiritual market
- Kannada music market
- Overall devotional music segment, which has seen 230% growth in streaming investments
Times Music, a subsidiary of The Times Group since 1998, continues to expand its influence in Indian music markets through strategic partnerships and acquisitions. The company maintains global distribution rights with Speed Records, the world's leading Punjabi music label.
"These acquisitions represent a major milestone in Times Music's growth journey," said Vineet Jain, Managing Director of Times Group, while Primary Wave's David Loiterton emphasized the importance of emerging markets like India in the global music industry.
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