US based Create Music Group acquires Nirvana Digital to foray into India
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Music and media major Create Music Group has acquired 100% stake in Mumbai-based Nirvana Digital. The move marks the entry of the US-based music company into India. The development is aimed at strengthening Create’s global presence, the companies said in a joint statement. Founded in 2010, Nirvana helps content owners to monetise their music and video on internet and mobile platforms.