Virgin Music Group, the independent-distribution and artist-services division of Universal Music Group , has announced the completion of its $775 million acquisition of Downtown Music Holdings LLC, one of the largest artist-services companies in the world. At the same time, Pieter van Rijn was appointed chief operating officer, having been CEO of Downtown since last year (and previously CEO of Netherlands-based distributor and services company FUGA). He will report to Virgin co-CEOs Nat Pastor