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Universal Music Group Becomes Majority Shareholder in PIAS, Acquiring ATO, Mute, Transgressive, and Heavenly

Oct 15, 2024, 01:54 PM

Universal Music Group (UMG) has announced its acquisition of the indie label group PIAS, making it the majority shareholder. The founders of PIAS confirmed that they are selling their remaining shares to UMG. This acquisition includes several notable labels under the PIAS umbrella, such as ATO, Mute, Transgressive, and Heavenly. The deal marks a significant expansion of UMG's portfolio in the independent music sector, consolidating its position as a major player in the industry.