Universal Music Group N.V. (ENXTAM:UMG) acquired mtheory Artist Partnerships, bespoke label division of mTheory LLC on September 13, 2022. mTheory LLC Manager Services business will remain fully independent, under the leadership of newly appointed Chief Executive Officer Cameo Carlson. In addition, and as part of the transaction, mTheory LLC will spin out its MPRS Global producer royalty administration platform, of which mTheory LLC Co-Founder Jon McMillan will become Chief Executive Officer. mTheory LLC founders JT Myers and Nat Pastor will lead the expansion of Universal Music Group N.V. independent music capabilities across all of its business units and regions. Effective immediately, mtheory Artist Partnerships, bespoke label division of mTheory LLC will become part of the Virgin Music Group. Bryan Cave Leighton Paisner LLP acted as legal advisor to Universal Music Group N.V. (ENXTAM:UMG).

Universal Music Group N.V. (ENXTAM:UMG) completed the acquisition of mtheory Artist Partnerships, bespoke label division of mTheory LLC on September 13, 2022.