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14 Months Later, UMG’s Virgin Officially Wraps Its Downtown Buyout — Pieter van Rijn Shifts to COO, Justin Kalifowitz Steps Away

The DJ Sessions | February 20, 2026

14 months after announcing its Downtown Music Group acquisition – and about one week after gaining EU regulatory approval – UMG’s Virgin Music Group has officially wrapped the $775 million buyout. Universal Music today confirmed the deal’s long-awaited close alongside a few executive shifts. First, Downtown head Pieter van Rijn has become Virgin Music’s COO […]​Read More

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