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Universal has further expanded its dance music portfolio by taking a 50% stake in indie label Serious Records.
The deal, which was finalised last month, comes on the back of the label's most successful year to date, achieved largely via breakthrough act Sonique. Her single It Feels So Good spent three weeks at number one last spring as it sustained the longest chart-topping reign in the UK last year, selling more than 640,000 units domestically and hitting the Top 10 across the world - including the US. Sonique also scored hits last year with Sky and I Put A Spell On You, while the label's other successes include Angelic.
Details are expected to emerge in the next few weeks of the tie-up between Universal and Serious Records, ...