Lakshmikumaran and Sridharan advised Divo TV to sale stake to Warner Music
Lakshmikumaran and Sridharan advised Divo TV to sale stake to Warner Music
Lakshmikumaran and Sridharan acted as the legal counsel to Divo TV Private Limited ("Divo TV") and its promoters and assisted them in signing a deal to sale stake to Warner Music India Private Limited ("Warner Music"). The deal also involved a primary subscription by Warner Music consequent to which Warner Music will become a majority shareholder of Divo TV.
Lakshmikumaran and Sridharan have assisted and advised Divo TV and the promoters on deal structuring, documentation, and negotiations.
Divo offers online video, music distribution, publishing, and digital and influencer marketing solutions for brands, celebrities, and movies. It has been working with labels, artists, and musicians to help distribute and monetize content across digital platforms, radio, and TV stations. With a large presence in the Tamil market, and a fair share of the Kannada, Malayalam, and Telegu music industries, Divo released more than 30,000 songs last year.
The LKS Corporate and M&A team worked under the overall guidance and supervision of Mr. Sudish Sharma (Executive Partner) and comprising of Mr. Noorul Hassan (Partner) and Mr. Kumar Panda (Senior Associate).
