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Believe

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Believe: strategic partnership with Global Records

Published on 07/09/2024 at 05:20 am EDT - Modified on 07/09/2024 at 05:24 am EDT

- Translated by Marketscreener - See original

BELIEVE

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Believe announces the signature of a strategic partnership with Global Records, the largest independent dance music company in Central and Eastern Europe, in which it has acquired a 25% stake.

"Dance is one of the few truly digital and global music genres, with one of the fastest growth rates in the music industry", points out Believe, adding that this market is currently valued at 11.8 billion dollars.

With offices and operations in Romania, Germany and the USA, Global Records has accumulated over six billion streams across all platforms by 2023, and over 20 billion streams to date for its global catalog.

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25-04-15	TCMI Inc., EQT X, a fund managed by EQT AB and Denis Ladegaillerie proposed to acquire remaining 3.35% stake in Believe S.A. for ?51.6 million.	CI
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Company Profile

Believe is one of the world's leading digital music companies, helping artists and labels build their audiences and careers, at all stages of their development, in all local markets around the world, with respect, expertise, fairness and transparency. Net sales are distributed geographically as follows: France (16.5%), Germany (11.2%), Europe (33%), Asia/Oceania/Africa (24%) and Americas (15.3%).

Employees

1,951

Sector

Entertainment Production

Calendar

Mar. 11 - Q4 2025 Earnings Release (Projected)

More about the company