Saturday, 3 June 2017

Concord snaps up Imagen

Concord Bicycle Music's has completed a buyout of Imagem Music at a price thought to exceed €450m (or just over US$500m). The Imagem deal brings Concord  an additional 250,000-plus copyrights, meaning Concord's publishing division will control in excess of 380,000 works (now including songs by Phil Collins, Mark Ronson and Daft Punk) - along with substantial catalogue of recorded music copyrights that Concord has snapped up in recent years. After merging with The Bicycle Music Company and raising $100m in 2015, Concord acquired Fearless Records and Wind-Up Records while signing a worldwide JV with US indie Razor & Tie. In addition, it's bought the likes of Americana/folk/blues specialist HighTone Records and the recorded music assets of Bandit Records - while securing major artist licensing deals with R.E.M and others.

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