Report: UMG Buys Minority Stake In Independent Music Company [PIAS]

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  Report: UMG Buys Minority Stake In Independent Music Company [PIAS]
  
  November 30, 2022 at 4:35 AM (PT)
  
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  New Deal
  
  MUSIC BUSINESS WORLDWIDE reports that UNIVERSAL MUSIC GROUP (UMG) has acquired a 49% stake in independent music company [PIAS]. No dollar figure has been announced. [PIAS] founders KENNY GATES and MICHEL LAMBOT remain in charge of the company and its two core divisions, [PIAS] LABEL GROUP, and [INTEGRAL] DISTRIBUTION AND LABEL SERVICES.
  UMG and [PIAS] formed a strategic global alliance in JUNE 2021.
  MUSIC BUSINESS WORLDWIDE has more.
  
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