Warner Music to acquire a majority stake in Divo.

Warner Music, a media company, agreed to acquire a majority stake in Divo, a digital media and music company. Financial terms were not disclosed. ”I’m so delighted that we’re able to bring the Divo brand under the Warner Music India banner. This move will strengthen our presence in the south of the country, enabling us to have a truly strong Pan-India presence. Divo’s extensive portfolio will not only bolster our core music offering in South India, but its entire artist-influencer ecosystem will further enhance our overall entertainment footprint," Jay Mehta, Warner Music India Managing Director.