"I am selling my shares not my soul," Gates said in a press release, emphasizing that the UMG partnership has so far benefitted PIAS artists and will allow them to maintain their autonomy.
Michel Lambot, co-founder of PIAS, expressed initial reservations about partnering with a large entity like UMG but now feels the collaboration has been fruitful and aligns with their passion for music.
Gates reassured that, "nothing will change culturally or commercially for our existing clients and partners," reinforcing the commitment to PIAS's operational independence even under UMG's majority ownership.
The deal includes PIAS’s subsidiary services division Integral, which distributes music for various independent music giants, suggesting a strengthening of independent music distribution channels.
Collection
[
|
...
]