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Concord (entertainment company)

Alchemy Copyrights
Concord
Formerly
  • Concord Bicycle Music (2015–2017)
  • Concord Music (2018–2019)
Company typePrivate
IndustryEntertainment
Predecessor
Founded2015
HeadquartersNashville, Tennessee
Key people
John Robert (Bob) Valentine (CEO since 2023)[1][2][3]
Stephen (Steve) Smith (chairman since 2013)[4][5][6][7]
Jim Selby (chief publishing officer since 2021)[8][6]
Steven Salm (chief business development officer)[9][6]
Vincent Scott (Scott) Pascucci (director)[1][10]
Jonathan (Jake) Wisely (director)[6][11]
Revenue$448 million (2020)[12]
OwnerState of Michigan Retirement Systems (93%)[13][a]
Number of employees
700
DivisionsConcord Label Group
Concord Music Publishing
Concord Theatricals
Concord Originals
SubsidiariesBoosey & Hawkes
Rodgers and Hammerstein
Kidz Bop
Websitewww.concord.com

Concord, the assumed business name of Alchemy Copyrights LLC,[12][14] is an independent American holding company dealing in creative rights primarily in the music industry.[15][16] It develops, manages and acquires sound recordings, music publishing rights, theatrical performance rights and narrative content. It has been funded by Barings LLC (until 2016 Wood Creek Capital Management), by Sound Investors and by members of its management team.

Concord holds rights to more than 1.3 million[17][18] songs, composed works, plays, musicals and active recordings.[19][20] In 2020, 45% of its revenue came from music, 38% from music publishing and 17% from theatricals.[12] As of 2023, according to its CEO, it derived 85% of its revenue "from catalog, rather than newly-developed, music".[21][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.[23]

  1. ^ a b 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.
  2. ^ John R Valentine, OpenCorporates, retrieved October 12, 2024
  3. ^ John Robert Valentine, Gov.uk, archived from the original on October 12, 2024, retrieved October 12, 2024
  4. ^ "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.
  5. ^ "Power 100 No. 83: Scott Pascucci & Steve Smith". Billboard. January 25, 2018. Archived from the original on October 12, 2024.
  6. ^ a b c d "Jake Wisely to join Concord Board of Directors, Jim Selby to succeed Wisely as Chief Publishing Executive". Concord. September 14, 2020. Archived from the original on October 12, 2024.
  7. ^ "Concord and Stax Music Academy announce 2023-2024 recipients of Concord Stax Scholarships". Concord. October 11, 2023. Archived from the original on October 12, 2024.
  8. ^ "Jim Selby". Music Business Worldwide. Archived from the original on October 12, 2024. Retrieved October 12, 2024.
  9. ^ Cite error: The named reference SSa was invoked but never defined (see the help page).
  10. ^ Vincent Scott Pascucci, Gov.uk, archived from the original on October 12, 2024, retrieved October 12, 2024
  11. ^ Jonathan Wisely, Gov.uk, archived from the original on October 12, 2024, retrieved October 12, 2024
  12. ^ 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.
  13. ^ Indie Music Giant Concord, Worth Over $4 Billion, Eyes Potential Sale power991fm.com Retrieved on 14 January 2022
  14. ^ "In brief: Round Hill Music Royalty now owned by Alchemy Copyrights". AJ Bell. October 31, 2023. Archived from the original on October 12, 2024.
  15. ^ Lombaerde, Geert de (September 17, 2020). "Music publisher co-founder to step out of C-level role". Nashville Post. Archived from the original on October 12, 2024.
  16. ^ "Concord Label Group merges Fantasy Records with Concord Records; combined brand led by Co-Presidents Margi Cheske and Mark Williams". Music Business Worldwide. 2024-09-10. Retrieved 2024-10-14.
  17. ^ "KBRA | Credit Rating Analysis Agency | Bond Rating Agency". www.kbra.com. Retrieved 2024-10-14.
  18. ^ Cite error: The named reference MS was invoked but never defined (see the help page).
  19. ^ "Concord Music Group Acquires Extensive Catalog". Los Angeles Business Journal. 2021-04-26. Retrieved 2022-04-07.
  20. ^ "Concord Music buys theatre publisher and licensor Samuel French; launches Concord Theatricals". Music Business Worldwide. 2018-12-17. Retrieved 2022-04-07.
  21. ^ 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.
  22. ^ 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.
  23. ^ 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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