Concord has acquired Round Hill’s UK-listed music fund, Round Hill Music Royalty Fund (RHM).
The deal includes over 150,000 songs and 51 catalogs, including works by The Beatles, Alice In Chains, The Offspring as well as hits recorded by Elvis Presley, Meatloaf, James Brown and Billie Holiday. It also includes a stake in the Carlin Catalog, which houses hits made famous by artists including Presley, Johnny Cash, Aretha Franklin, Ella Fitzgerald, Peggy Lee and George Harrison.
The news follows Concord’s expansion into Australasia as well as its acquisition of Mojo Music & Media. On Oct. 18, with the RHM Board endorsing the acquisition, the deal was overwhelmingly approved with 99 percent of votes cast in favor.
“The entire team at Concord is thrilled to be able to represent these iconic catalogs. It is now our obligation to expose these songs and recordings to an even larger audience than their existing extraordinary fan bases. Furthering the cultural impact that these works have is certainly a responsibility we take seriously,” shares Bob Valentine, CEO of Concord.
He adds, “Since our inception, Concord has demonstrated a clear track record of preserving the legacy of our artists while leveraging new and innovative opportunities to create new fans. I can’t wait to see what our global creative teams of sync, licensing, marketing, copyright and royalty experts come up with next.”
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