Independent music powerhouse [PIAS] has officially confirmed the acquisition of classical, jazz and world music specialist harmonia mundi.
The acquisition, first reported in June, will be effective from October 1. It comprises the music assets of harmonia mundi but does not include its book publishing interests or retail operations.
harmonia mundi was founded in Paris in 1958 by Bernard Coutaz (1922-2010), who guided the group to its position as a globally successful music company.
Today, it comprises record labels, music publishing and distribution divisions with over 100 staff and offices in key territories.
Eva Coutaz, who has been involved in classical music production since the 1970’s, will remain a consultant to the harmonia mundi board.
Kenny Gates, co-founder and CEO of [PIAS] said: “harmonia mundi is an extraordinary company with a special place in the hearts of music fans, particularly classical and jazz music fans, around the world.
“Much like [PIAS], harmonia mundi is run and staffed by passionate music fans.”
Kenny Gates, [PIAS]
“Much like [PIAS], harmonia mundi is run and staffed by passionate music lovers and we are looking forward to joining hands with them around the world and to bringing them into our family.
“This is an added dimension for [PIAS] and we can’t wait to work with these real experts in the field and to add our own experience, expertise and resources to help harmonia mundi thrive as a home for its labels and artists.“
Eva Coutaz of harmonia mundi said, “From the early conversations we had with Kenny and Michel, we felt that [PIAS] was the right home for our legacy.
“They share the same values as us and are passionate about continuing to release great music.
“We feel that harmonia mundi is in safe hands and are confident that there is an exciting future ahead.”
Founded in Belgium by Kenny Gates and Michel Lambot, [PIAS] is celebrating 33 years in operation. The company has three core divisions: [PIAS] Recordings, that signs and develops artists; [PIAS] Cooperative, an associated label group that partners with labels to help fund and develop their repertoire; and [PIAS] Artist & Label Services, a sales, distribution and marketing team that takes repertoire to market, physically and digitally, on an global basis.
[Pictured: Eva Coutaz and Kenny Gates. Photo: Christophe Beauregard]Music Business Worldwide