Believe to acquire a 60% stake in DMC from Dogan for $23m.

Believe Distribution Services, a Paris-based record label and music distributor, agreed to acquire a 60% stake in Dogan Muzik, a record label, from Dogan, a Turkey-based holding company, for $23m. “It is significant in every respect for a foreign investor to place its trust in our country and contribute to our music industry in such challenging times as the coronavirus pandemic. We are very excited and hopeful that this will benefit our industry at large,” Samsun Demir, DMC CEO.