'PIAS Indie Label Group Sold Universal Music Group a
Group Sold Universal Music Group a
Universal Music
Group (UMG) has purchased a 49% stake in the indie label group [PIAS], expanding on a
As part
of the deal, [PIAS] founders Kenny Gates and Michel Lambot will retain control of the
In March
2021, [PIAS] rebranded its distribution and services arm to [Integral], bringing on a new managing director
The newly
announced minority investment is said to be an extension of that initial deal
“These days
we are competing with finance and tech giants and a partner like Universal Music Group
“Universal made
it clear that they like us, they trust us and they need us, because they
For Michel
and I this is our life’s work and an ongoing journey and I am
This move
makes us stronger and secures the future of our brand, our staff and our partners
This deal
with [PIAS] presumably expands UMG’s access to independent distribution moving forward
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