Concord (entertainment company)

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Concord
Concord
TypePrivate
IndustryEntertainment
PredecessorConcord Records
(1973-2004)
Concord Music Group
(2004-2015, 2015-2019 as subsidiary of Concord Bicycle Music)
Concord Bicycle Music
(2015-2019)
Founded2019
Headquarters10 Lea Avenue, Suite 300, Nashville, TN 37210
Area served
Nashville, Tennessee
Los Angeles, California
New York, New York
London, United Kingdom
Miami, Florida
Berlin, Germany
OwnerGreat Mountain Partners
Company's management
Number of employees
500
DivisionsConcord Recorded Music
Concord Music Publishing
Concord Theatricals
Websitewww.concord.com

Concord is a music acquisition company. [1] The publishing catalog it acquired for profit contains more than 600,000 copyrighted works.[2]

Concord Theatricals, a division of Concord, earns income by acquiring plays and musicals, including theatrical licensing, music publishing, script publishing, and cast recording.[3]

History[]

Auto dealer and jazz enthusiast Carl Jefferson started the Concord Jazz record label in 1973. He sold the label to Alliance Entertainment in 1994.[4] In 1999, film/television producer Norman Lear and entertainment executive Hal Gaba purchased the company (Concord Jazz and Concord Records) after Alliance filed for bankruptcy.[5]

In 2004, Concord Records acquired Fantasy, Inc., owner of Prestige, Fantasy, Milestone, Riverside Specialty, and the post-Atlantic Stax catalog. Concord then combined with Fantasy to form the Concord Music Group.[6] Several label acquisitions and partnerships followed including Telarc (2005)[5] and Rounder Records (2010).[7]

In 2013, Concord Music Group was acquired by an investor group led by Wood Creek Capital Management and Sound Investors, LLC.[8] Many of the same investors also owned a majority interest in independent music publisher Bicycle Music Company.[9]

Concord Music Group merged with Bicycle Music in 2015 to become Concord Bicycle Music.[10] As Concord Bicycle Music, the company acquired Razor & Tie, Vanguard Records, Sugar Hill Records, Wind-up Records, Fearless Records,[11][12] and Musart Music Group.[13]

In 2017, Concord Bicycle Music purchased European-based publishing company Imagem Music Group.[14] After acquiring two theatrical licensing companies, Tams-Witmark Music Library and Samuel French in 2018, the company formed its own Theatricals division.[15]

The company changed its name to Concord in early 2019.[16]

On October 20, 2021, Concord explored a sale of its company for $4 billion.[17] [18]

Music[]

Concord Recorded Music is made up of the original Concord Music Group labels at the time of the Bicycle Music merger (Concord Records, Concord Jazz, Fantasy, Rounder), Loma Vista Recordings, and Easy Eye Sound.[19] Fearless Records (2015)[20]

Trivia[]

Concord is a member company/investor in Techstars Music and has invested in a range of technology startups.[21]

References[]

  1. ^ Miramontez, Rick (May 17, 2021). "Ted Chapin to Step Down as President and Chief Creative Officer of the Rodgers & Hammerstein Organization". DKC O&M. Retrieved July 7, 2021.
  2. ^ Rubio-Licht, Nat (April 26, 2021). "Concord Music Group Acquires Extensive Catalog". LA Biz Journal. Retrieved July 7, 2021.
  3. ^ Cox, Gordon (September 3, 2019). "A new player shakes up the world of theatrical licensing". Broadway News. Retrieved 8 September 2019.
  4. ^ Zych, David (November 1, 1998). "Label Watch: Concord Jazz". Jazz Times. Retrieved 20 September 2019.
  5. ^ a b Lewis, Randy (May 1, 2010). "Concord Music Group marches to its own beat". Los Angeles Times. Retrieved 20 September 2019.
  6. ^ Yulico, Nicholas (December 3, 2004). "Concord Records buys Fantasy Inc". East Bay Times. Retrieved 20 September 2019.
  7. ^ Lawless, John (April 14, 2010). "Rounder acquired by Concord Music Group". Bluegrass Today.
  8. ^ Abrams, Rachel (March 25, 2013). "Concord Music Group Sold to Wood Creek Capital (EXCLUSIVE)". Variety. Retrieved 3 February 2020.
  9. ^ Christman, Ed (March 25, 2013). "Concord Music Group to be Sold to Wood Creek Capital Management". Billboard. Retrieved 3 February 2020.
  10. ^ Newman, Melinda (September 15, 2017). "Not Just Jazz: Inside Concord Music's Buying Spree". Billboard. Retrieved 8 September 2019.
  11. ^ Nicholson, Jessica (April 1, 2015). "Sugar Hill, Vanguard Purchased By Concord Music Group". Music Row. Retrieved 20 September 2019.
  12. ^ Christman, Ed (May 6, 2015). "Concord Continues Acquisition Binge with Fearless Records, Wind-Up Deals (Exclusive)". Billboard. Retrieved 20 September 2019.
  13. ^ Christman, Ed (April 21, 2016). "Concord Bicycle Music Acquires Mexican Indie Musart Music Group". Billboard. Retrieved 3 February 2020.
  14. ^ Ingham, Tim (August 30, 2018). "CONCORD HAS SPENT OVER $1BN ON ACQUISITIONS IN THE PAST 14 YEARS. MEET THE EXEC SNIFFING OUT THE DEALS". Music Business Worldwide. Retrieved 8 September 2019.
  15. ^ Culwell-Block, Logan (December 17, 2018). "Concord Music Acquires Samuel French, Forms New Theatrical Licensing Conglomerate Concord Theatricals". Playbill. Retrieved 8 September 2019.
  16. ^ Littleton, Cynthia (2021-08-05). "Concord Launches Originals Division to Develop Movies, TV and Podcasts From Its IP Vault (EXCLUSIVE)". Variety. Retrieved 2021-10-04.
  17. ^ Indie Music Giant Concord, Worth Over $4 Billion, Eyes Potential Sale power991fm.com Retrieved on 14 January 2022
  18. ^ Concord reportedly exploring sale at a potential $4bn valuation musically.com Retrieved on 14 January 2022
  19. ^ Newman, Melinda (July 10, 2014). "Whalley's World Comes to Concord Music Group". Hollywood Reporter. Retrieved 20 September 2019.
  20. ^ Sisario, Ben (April 1, 2015). "Concord Music Group Buys Vanguard and Sugar Hill". New York Times. Retrieved 10 September 2019.
  21. ^ Ifeanyi, KC (February 4, 2019). "Exclusive: Meet the 9 startups that Techstars believes can disrupt the music industry". Fast Company. Retrieved 11 September 2019.
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