Warner Music Group Corp. (WMG) has announced its acquisition of Parlophone Label Group (PLG) from Universal Music Group

Warner Music Group Corp. (WMG) has announced its acquisition of Parlophone Label Group (PLG) from Universal Music Group. In addition to the historic Parlophone label, PLG includes the Chrysalis/Ensign labels in the United Kingdom, EMI Classics and Virgin Classics and the EMI operating companies in Belgium, Czech Republic, Denmark, France, Norway, Poland, Portugal, Slovakia, Spain and Sweden.

WMG also announced that it has acquired the Gala Records Group (Gala), Russia's leading independent music company. Led by CEO Alexander Blinov, Gala was founded in 88 and was the first privately owned label in Russia.

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