Universal Music Group owns the [PIAS] Group.
UMG announced it had acquired 49% of [PIAS] in 2022, following a “strategic alliance” inked between the companies the prior year.
Universal has now completed the acquisition of the remaining 51% of shares from [PIAS] co-founders Kenny Gates and Michel Lambot, for an undisclosed fee.
Universal is acquiring two core business divisions within the [PIAS] Group:
- Label services division [Integral], which provides physical and digital distribution services to independent labels;
- The [PIAS] Label Group, home to the company’s own and associated record labels, including Play It Again Sam, harmonia mundi, Demain, Spinefarm, Source and partner labels such ATO, Heavenly, Mute, and Transgressive.
Subsequent to the acquisition, [Integral] will merge with UMG’s Virgin Music Group.
