M&A Deal Summary

Warner Music Group Acquires Uproxx Media

On August 2, 2018, Warner Music Group acquired digital media company Uproxx Media from Woven Digital

Acquisition Highlights
  • This is Warner Music Group’s 1st transaction in the Digital Media sector.
  • This is Warner Music Group’s 3rd transaction in the United States.
  • This is Warner Music Group’s 1st transaction in Florida.

M&A Deal Summary

Date 2018-08-02
Target Uproxx Media
Sector Digital Media
Buyer(s) Warner Music Group
Sellers(s) Woven Digital
Deal Type Divestiture

Target

Uproxx Media

Miami Beach, Florida, United States
Uproxx Media, Inc. is an entertainment news site geared toward millennials. UPROXX tracks the best of pop culture by tapping into the film, TV, music and sports zeitgeist on the internet Uproxx Media, Inc. was founded in 2008 and is based in Miami Beach, Florida.

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Buyer(S) 1

Buyer

Warner Music Group

New York, New York, United States

Category Company
Founded 1929
Sector Media
Employees5,900
Revenue 6.0B USD (2023)
DESCRIPTION

Warner Music Group is home to a collection of the best-known record labels in the music industry including Asylum, Atlantic, East West, Elektra, Fueled By Ramen, Nonesuch, Reprise, Rhino, Roadrunner, Rykodisc, Sire, Warner Bros., and Word, as well as Warner/Chappell Music. WMG comprises an array of businesses aimed at helping artists achieve long-term creative and financial success while providing consumers with the highest-quality music content available. WMG is engaged in the recorded music business (including artist services) and the music publishing business, and is a leading company in national and international repertoire that operates through numerous international affiliates and licensees in more than 50 countries. Warner Music Group was formed in 1929 and is headquartered in New York City.


DEAL STATS #
Overall 8 of 15
Sector (Digital Media) 1 of 2
Type (Divestiture) 3 of 3
State (Florida) 1 of 1
Country (United States) 3 of 6
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-14 Complete Entertainment Resources Group - Songkick Platform

Brooklyn, New York, United States

Complete Entertainment Resources Group, Inc. - Songkick Platform is an artist-ticketing platform and major concert discovery service. Company help artists sell more tickets on their own site, on Songkick and across a wide range of partners, including Spotify, YouTube and BBC Music. Right now, more than 15 million music fans across the globe use Songkick to track their favorite artists, discover new concerts and buy fairly priced tickets under one roof.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 E.M.P. Merchandising Handelsgesellschaft mbH

Lingen, Germany

E.M.P. Merchandising Handelsgesellschaft mbH is an online multi-channel retailer of rock music and entertainment-inspired apparel and accessories. EMP today offers fans merchandise from globally renowned bands such as Twenty One Pilots, Panic! At The Disco, Metallica, Motörhead, Guns n Roses, Nirvana, Pink Floyd, AC/DC, The Doors, and many others. Beyond music, the company has established itself as a lifestyle e-tailer, offering merchandise from major entertainment brands such as Disney, Marvel, Star Wars, and Harry Potter; gaming brands such as Nintendo and PlayStation; sporting franchises such as the NFL; and alternative fashion brands such as Vans. The company operates a network of websites serving 18 European countries, with a community of millions of customers, and a fast-growing paid loyalty program.

Buy -

Seller(S) 1

SELLER

Woven Digital

Culver City, California, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

Woven Digital, Inc. is a media and technology company focused on the representation of high-quality, premium websites to build large-scale communities around relevant content.


DEAL STATS #
Overall 1 of 1
Sector (Digital Media) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 HitFix

Los Angeles, California, United States

HitFix, Inc. is a fan-focused publisher of entertainment news, reviews and video.

Buy -