This promises growth for independent artists but raises concerns about market consolidation and its impact on the indie music scene. Universal Music Group (UMG) has announced a landmark $775 million acquisition of Downtown Music Holdings. Known for its independent label services across music publishing and distribution. Downtown has long been a champion for independent artists and labels. There’s plenty to unpack about what this deal could mean for artists and labels. On the positive side, this acquisition could unlock some new and exciting possibilities. By joining forces with UMG’s Virgin Music Group, Downtown’s clients may gain access to greater financial…