IMPALA is calling for regulatory investigation into Universal Music Group's (UMG) complete acquisition of [PIAS], citing concerns over market concentration in the music industry.

Following UMG's purchase of the remaining 51% stake in [PIAS] (after acquiring 49% in 2022), the indie label group has officially left IMPALA. The organization expresses serious concerns about market concentration and its impact on the independent music sector.

Key Points:

• IMPALA argues this acquisition violates the European Commission's previous stance that UMG was "already too big" during the EMI takeover
• The organization warns of increased UMG power across Europe and beyond
• Concerns extend to all three major labels' consolidation efforts potentially disrupting the independent sector
• IMPALA calls for investigation of both physical and digital markets, including distribution services

Helen Smith, IMPALA's executive chair, states: "A share deal is one thing, this is something else," emphasizing the need for regulatory scrutiny of how UMG can gain more market share despite previous size concerns.

Business Impact:

• [PIAS] co-founder Kenny Gates will continue running the business under UMG
• Co-founder Michel Lambot will pursue new ventures through his business, Emotions
• This follows a pattern of major label acquisitions, similar to Sony Music's previously approved AWAL purchase

This development raises significant questions about market concentration in the music industry and its potential impact on competition, artists, and consumers.

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