Completing the acquisition of [PIAS] “enhances our ability to support the independent artist and label community globally,” said UMG's Boyd Muir.
Completing the acquisition of [PIAS] “enhances our ability to support the independent artist and label community globally,” said UMG's Boyd Muir.
The legendary producer and artist manager has worked with The Boss, Jackson Browne, Shania Twain and Natalie Merchant, among others.
The consortium purchased 19.6 million of Believe's 113 million shares in a two-week tender offer, upping its holdings from 85% a week earlier.
The global investment firm, which is buying the company from Providence Equity Partners, has a plan to expand Superstruct's dominance in Europe.
Also this week: Neon Gold links up with Virgin Music Group for distribution, EMPIRE goes to Bandcamp and more.
The two acquired businesses had revenue of $148 million in 2023.
The deal expands Wasserman's reach to 27 countries and 62 cities worldwide.
This week in publishing news: Reservoir launches JV with American Idol producer, Position Music Signs Sam Tinnesz and more.
