Music Business News: United Kingdom

Silvia Montello appointed CEO of the UK’s Association of Independent Music

Montello replaces Paul Pacifico

After closing $100m fund, artist funding platform beatBread expands European business, led by industry veteran Mark Terry

Terry will lead the company’s expansion in the UK and Continental Europe

Dipesh Parmar named President of Columbia Records UK, Amy Wheatley appointed MD at Sony-owned label

Ministry Of Sound becomes a subsidiary of Columbia Records UK as a result of the moves

BMG acquires music interests of ‘Driving Home For Christmas’ singer-songwriter Chris Rea

Deal includes his royalty interests in 17 studio albums

[PIAS] founders explain why they sold 49% of their company to UMG: ‘The battle lines in our industry have been redrawn.’

Universal Music Group confirmed its acquisition of a minority investment in [PIAS] earlier today

Record labels welcome UK competition authority report on streaming, as Merck Mercuriadis slams CMA for not using ‘powers they have to fix the problems they identify’

Streaming market study report receives mixed response from the music industry

Universal acquires 49% stake in independent music powerhouse [PIAS]

Deal follows the formation of a strategic global alliance between the two companies in June 2021

UK competition watchdog finds major record labels are not ‘making significant excess profits that could be shared with creators’

Competition and Markets Authority's final report published