Articles from Concord

Concord, the world’s leading independent music company, has successfully issued $1.765 billion in a series of new five-year, seven-year, and ten-year senior notes. The ten-year tranche was privately placed and represents the longest duration ABS issuance at scale in the music sector. The notes are secured by Concord’s catalog of over 1.3 million music copyrights, featuring the songs and recordings of marquee artists such as The Beatles, Beyonce, Bruno Mars, Carrie Underwood, Creedence Clearwater Revival, Daddy Yankee, Ed Sheeran, Genesis, Imagine Dragons, John Fogerty, Kiss, Michael Jackson, Otis Redding, Phil Collins, Pink Floyd, R.E.M., Rihanna, Rodgers & Hammerstein, Taylor Swift, and The Rolling Stones. The latest issuance represents Concord’s fourth securitization offering and the largest and longest tenured asset-backed term securitization of music rights to date.

Concord, the world’s leading independent music company, has successfully closed a new series of $850 million in senior notes backed by a diverse catalog of music assets. This marks Concord's third securitization offering and is cross-collateralized with the notes offered in 2022, which, taken together, now make up the largest music-backed asset-backed securitization to date. These issuances underscore Concord's ongoing effort to strategically grow and monetize its music assets and position the company as a consequential force in the music industry. The notes will be secured by music royalties from a pool of catalogs containing over one million songs, including iconic works recorded by The Beatles, Carrie Underwood, Cheap Trick, Creed, Genesis, Kiss, Mike + The Mechanics, Otis Redding, Phil Collins, Plain White T’s, R.E.M., R.E.O. Speedwagon, and The Rolling Stones.

The world’s leading independent music company Concord announced today that it has concluded the purchase of key elements of the music publishing and master recording catalog of Latin legend Daddy Yankee, including chart-topping hits such as “Gasolina,” “Con Calma,” and “Despacito.” The agreement, which encompasses Daddy Yankee’s work from 2002 through 2019, also includes certain name, image, and likeness rights. The catalog will be managed out of Concord’s Miami office and bolsters Concord’s already impressive catalog of more than 1.3 million songs, composed works, plays, musicals, and active recordings.

Concord, a leading technology consulting and digital transformation firm focused on experience, data, and cloud engineering & modernization, is pleased to announce the acquisition of Authentic Digital (“Authentic”), a consultancy that helps its customers envision and deliver transformative end-user digital experiences that drive customer loyalty and engagement.

Concord CEO Scott Pascucci will be interviewed as a part of a marquee event on the MusicNotes stage at the 2022 Web Summit this week in Lisbon. The session, “Buy the rights: The future of music acquisition,” focuses on the surge of investment and major acquisitions in the music industry.