IMPALA, the Independent Music Companies Association, is demanding 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), IMPALA argues this acquisition violates principles established by the European Commission during UMG's EMI takeover, which determined UMG was already too large.

Key Concerns:

• Further market concentration in an already consolidated industry
• Increased UMG power across Europe and beyond
• Potential disruption to the independent music sector
• Impact on physical and digital distribution services

Helen Smith, IMPALA's executive chair, states: "A share deal is one thing, this is something else," emphasizing the need for regulatory assessment of the acquisition's impact on competitors, digital services, artists, and fans.

Operational Changes:

• [PIAS] has officially left IMPALA membership
• Co-founder Kenny Gates will continue running [PIAS] as a UMG division
• Co-founder Michel Lambot will pursue new ventures through "Emotions"

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