Joint Venture
Type: noun
Pronunciation: /joint-ven-cher/
Also spelled or known as: JV
Plural: Joint Ventures
Related: Partnership
What does Joint Venture mean? A business arrangement in which two or more parties collaborate on a specific project or enterprise while sharing risks, responsibilities, and profits.
Joint ventures are common between record labels, publishers, artists, distributors, and technology companies.
Joint Venture synonyms: JV, Collaborative Venture, Business Partnership
Example sentence: “The label formed a joint venture with the independent distributor.”
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