{"id":98162,"date":"2021-01-13T18:33:07","date_gmt":"2021-01-13T18:33:07","guid":{"rendered":"https:\/\/www.musicbusinessworldwide.com\/?post_type=companies&#038;p=98162"},"modified":"2021-02-04T16:37:07","modified_gmt":"2021-02-04T16:37:07","slug":"pias","status":"publish","type":"companies","link":"https:\/\/www.musicbusinessworldwide.com\/companies\/pias\/","title":{"rendered":"[PIAS]"},"content":{"rendered":"<p>[PIAS] is a famous name in the independent music world.<\/p>\n<p>It works both as a distributor and labels services provider for outside record labels, while also running its own in-house label operation.<\/p>\n<p>[PIAS] was co-founded in Brussels in 1983 by its CEO, Kenny Gates, alongside Michel Lambot.<\/p>\n<p>The company, which started out as a\u00a0vinyl import\/export business, today works with labels such as Beggars Group, Warp Records and many more as a service provider.<\/p>\n<p>It also works with &#8216;affiliate&#8217; labels such as ATO, Bella Union, Heavenly, Mute and Transgressive.<\/p>\n<p>Its in-house labels include Play It Again Sam, Different and the classical label Harmonia Mundi.<\/p>\n<p>[PIAS] is jointly headquartered in Brussels and London with 16 offices worldwide.<\/p>\n<hr \/>\n<h6>Harmonia Mundi acquisition<\/h6>\n<p><a href=\"https:\/\/www.musicbusinessworldwide.com\/pias-officially-acquires-classical-and-jazz-house-harmonia-mundi\/\" target=\"_blank\" rel=\"noopener\">[PIAS] acquired<\/a> French classical and jazz label, Harmonia Mundi, in 2015.<\/p>\n<p>At the time, Kenny Gates said: &#8220;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.<\/p>\n<p>\u201cThis is an added dimension for [PIAS] and we can\u2019t 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.\u201c<\/p>\n<hr \/>\n<h6>Financials<\/h6>\n<p>According to a filing with <a href=\"https:\/\/find-and-update.company-information.service.gov.uk\/company\/03592210\/filing-history\" target=\"_blank\" rel=\"noopener\">Companies House in the the UK for PIAS Holding (UK) Ltd<\/a>, PIAS reported revenues of GBP \u00a332.1 million in the calendar year of 2019, representing a year-on-year drop of 16.9%.<\/p>\n<p>The company&#8217;s yearly operating profit in 2019 was \u00a31.63 million before the impact of currency factors.<\/p>\n<p>However, when currency fluctuations were taken into account in 2019 [PIAS] ended up with an operating loss of \u00a31.1 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Founded in 1983, [PIAS] is a partner to some of the world&#8217;s leading independent labels<\/p>\n","protected":false},"featured_media":31326,"parent":0,"menu_order":0,"template":"","class_list":["post-98162","companies","type-companies","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies\/98162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies"}],"about":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/types\/companies"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies\/98162\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/31326"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=98162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}