Warner plans bid to acquire Believe: Comment from AIM

07 March 2024 - Press release

AIM CEO Silvia Montello comments: "The potential acquisition of Believe by Warner Music is gravely concerning. This would play into an aggressive and worrying trend of major label groups buying up independent labels and distributors, further consolidating the global recordings market and damaging the health of the independent sector. It is vital that we maintain a wide choice of distribution partners for those artists and labels who wish to remain independent, while ensuring that the growing independent sector retains access to avenues for financing and remains an attractive option for investment."