Universal Music Group & INgrooves Finalize Partnership

In March, Universal Music Group announced it would soon make a "strategic investment" of an undisclosed amount into INgrooves. For those outside of the music industry, the announcement probably seemed like one of many obscure business deals that happen daily. Now that the deal is finished, analysts aren't sure exactly what to make of the world's largest music company investing what could be millions into the San Francisco-based digital music distribution company.

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