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| Concord | |
| Formerly |
|
| Company type | Private |
| Industry | Record Labels, Music Publishing, Theatrical Licensing and Production, Narrative Content |
| Predecessor |
|
| Founded | 1973 |
| Headquarters | Nashville, Tennessee |
Key people | John Robert (Bob) Valentine (CEO since 2023)[1][2][3] Stephen (Steve) Smith (chairman since 2013)[4][5] Victor (Vic) Zaraya (COO since 2021)[6] Kent Hoskins (CFO since 2021)[7] Amanda Molter (General Counsel since 2020)[8] |
| Revenue | $448 million (2020)[9] |
| Owner | State of Michigan Retirement Systems (93%)[10][a] |
Number of employees | 700 |
| Divisions | Concord Label Group Concord Music Publishing Concord Theatricals Concord Originals |
| Subsidiaries | Boosey & Hawkes Rodgers and Hammerstein Kidz Bop |
| Website | www |
Concord, the assumed business name of Alchemy Copyrights LLC,[9][11] is an independent American music company.[12] It develops, manages and acquires sound recordings, music publishing rights, theatrical performance rights and narrative content. Concord is majority owned by the State of Michigan Retirement System.[13]
Concord holds rights to more than 1.3 million[14][15] songs, composed works, plays, musicals and active recordings.[16][17] In 2020, 45% of its revenue came from music, 38% from music publishing and 17% from theatricals.[9] As of 2023, according to its CEO, it derived 85% of its revenue "from catalog, rather than newly-developed, music".[18][b]
Headquartered in Nashville with additional offices in Los Angeles, New York City, London, Berlin, Melbourne and Miami and staff in Auckland, Sydney, Toronto and Tokyo, Concord's repertoire is licensed in virtually every country and territory worldwide.[20]
- ^ Ingham, Tim (February 7, 2023). "Concord has a new CEO, as Bob Valentine succeeds Scott Pascucci in management transition". Music Business Worldwide. Archived from the original on October 12, 2024.
- ^ John R Valentine, OpenCorporates, retrieved October 12, 2024
- ^ John Robert Valentine, Gov.uk, archived from the original on October 12, 2024, retrieved October 12, 2024
- ^ "Steve Smith to be Honored at California United Bank's 7th Annual Charity Golf Tournament". Business Wire. April 30, 2013. Archived from the original on October 12, 2024.
- ^ "Power 100 No. 83: Scott Pascucci & Steve Smith". Billboard. January 25, 2018. Archived from the original on October 12, 2024.
- ^ "Article title". Variety. 2021-01-19.
- ^ "Article title". Billboard. 2021-03-23.
- ^ "Article title". Gov.uk. 2020-07-01.
- ^ a b c d "Alchemy Copyrights, LLC -- Moody's assigns first-time B1 CFR to Alchemy Copyrights, LLC (Concord); rates new secured debt B1; outlook stable". Yahoo Finance. July 28, 2020. Archived from the original on October 12, 2024.
- ^ Indie Music Giant Concord, Worth Over $4 Billion, Eyes Potential Sale power991fm.com Retrieved on 14 January 2022
- ^ "In brief: Round Hill Music Royalty now owned by Alchemy Copyrights". AJ Bell. October 31, 2023. Archived from the original on October 12, 2024.
- ^ "Concord: Largest-Ever Music ABS Transaction". www.apollo.com. Retrieved 2025-05-01.
- ^ Hershberg, Marc. "Broadway's Biggest Licensing Company Could Be Put Up For Sale". Forbes. Retrieved 2025-05-02.
- ^ "KBRA | Credit Rating Analysis Agency | Bond Rating Agency". www.kbra.com. Retrieved 2024-10-14.
- ^ Cite error: The named reference
MSwas invoked but never defined (see the help page). - ^ "Concord Music Group Acquires Extensive Catalog". Los Angeles Business Journal. 2021-04-26. Retrieved 2022-04-07.
- ^ "Concord Music buys theatre publisher and licensor Samuel French; launches Concord Theatricals". Music Business Worldwide. 2018-12-17. Retrieved 2022-04-07.
- ^ Valentine, Bob (July 27, 2023). "Concord has $550m in fresh funding, a recent expansion in Australasia and now a new CEO. What's its next move?". Music Business Worldwide (Interview). Interviewed by Tim Ingham. Archived from the original on October 12, 2024.
- ^ Page, Will (December 7, 2017). "Does the music industry's definition of 'catalogue' need an upgrade?". Music Business Worldwide. Archived from the original on October 12, 2024.
- ^ Newman, Melinda (2019-09-24). "Concord Recorded Music Expands Global Presence in Europe, Canada & Australia: Exclusive". Billboard. Retrieved 2022-04-07.
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