Universal Music to Buy Stake in India's Bollywood Movie Studio Excel for $90 Million

Core Insights - Universal Music Group is set to acquire a minority stake in Excel Entertainment, an Indian movie and digital content studio, which will enhance its presence in a rapidly growing market for recorded music [1] Company Summary - The acquisition signifies Universal Music Group's strategic move to tap into the Indian entertainment sector, which is recognized for its high growth potential in the recorded music industry [1]