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The $140-million deal would give the new owner 49% of the Latin music market. The acquisition, which is subject to regulatory approval, would more than triple Universal's share of the Latin music market to about 49%. And it would expand the range of the world's largest record company into such popular niches as regional Mexican music, Latin pop, Latin rap and hip-hop. The COO of the company stated the following:

"This deal is about following the changing demographics of the population of the country," said Zach Horowitz, president and chief operating officer of Universal Music, who negotiated the deal. "This demographic is growing at a much faster rate than any other segment of the population. And we will have this treasure trove of a catalog that goes back 30 years and includes some of the biggest artists in Latin music today."

More evidence that the Latin Music market is certainly on its way to bigger and better things. Lets wait and see. For more details, click here.

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