21 September, 2017

CONCORD MUSIC ACQUIRES THE RENOWNED SAVOY LABEL GROUP

FOR IMMEDIATE RELEASE – SEPTEMBER 21ST, 2017 – Los Angeles, CA - Concord Music, one of the largest integrated music publishing and record companies in the world, is proud to announce the acquisition of celebrated recording company, Savoy Label Group.  Long considered a historic and essential name in jazz, classical and adult music, SLG includes the legendary Savoy Jazz catalog, adult rock/alternative specialists 429 Records and an extensive classical catalog.

In total, the transaction includes more than 3,000 master recordings from some of the most iconic names in music history.  Synonymous with excellence in jazz and R&B since the 1940s, Savoy Jazz features early landmark recordings from legends such as Charlie Parker, Dizzy Gillespie, Miles Davis, John Coltrane, Erroll Garner, Cannonball Adderley, Dexter Gordon, Fats Navarro and many, many others. The collection also includes more recent recordings by Pat Martino, Phil Woods, Etta Jones, Bill Frisell, Big Bad Voodoo Daddy, Larry Coryell, Andy Bey, Ravi Coltrane and Milton Nascimento.

The eclectic adult rock and alternative label 429 Records, features titles by Meat Loaf, Boz Scaggs, LL Cool J, Robbie Robertson, Joan Armatrading, Los Lobos, Macy Gray, Paul Rodgers, Little Feat, Cracker, Camper Van Beethoven, Dr. John, Mick Fleetwood, Bruce Hornsby, Roberta Flack and Joe Cocker, to name a few.

SLG’s classical offerings feature works by superstar Dutch violinist Andre Rieu and world-renowned artists such as the London Symphony & Philharmonic Orchestras, Berlin Symphony, Dresden Staatskapelle, Concertgebouw, Moscow and Leningrad Philharmonic Orchestras and soloists like Sviatoslav Richter and Alicia De Larrocha, among others.

Additionally, Concord Music has entered into a multi-year consulting and production agreement with Savoy’s former owner, Steve Vining, under which Mr. Vining may deliver new recording projects to Concord’s various labels.

Concord Music’s Chief Operating Officer, Glen Barros, states, "Savoy is a great combination of both legendary masters and incredible recent recordings by a number of wonderful contemporary artists.  We are so very proud that it is now a part of Concord Music. And as Steve Vining has done a great job of building Savoy over the recent past, we very much look forward to all that he will bring to our company in the future.”

Concord Music’s Chief Business Development Officer, Steve Salm, adds, "The addition of Savoy to Concord Music is consistent with our ongoing growth strategy, as it deepens our presence within a number of core genres.   It also adds numerous classic recordings and another legendary brand to our great group of labels.”

Former owner and CEO of SLG, Steve Vining, commented, "Concord’s enormous success in many of the same musical genres SLG has pursued convinces me they will be outstanding stewards of both the rich catalog as well as the new recordings to come from our very talented artists.”

 

About Concord Music

 Concord Music was formed at the beginning of 2015 from the merger of Concord Music Group, one of the world’s leading independent record companies, and The Bicycle Music Company, a premier independent music publisher.  Since merging, Concord Music has made a number of acquisitions and strategic investments in other music publishing and record companies, including Vanguard Records, Sugar Hill Records, Fearless Records, Razor & Tie (including Kidz Bop) and Imagem Music Group (including Boosey & Hawkes and Rodgers & Hammerstein).  Concord Music is now one of the largest integrated music publishing and record companies in the world.

With offices in Los Angeles, New York, Nashville, Cleveland, London and Berlin, Concord Music maintains a diverse and vibrant roster of current recording artists, composers and songwriters, as well as a vast and historic catalog of some of the most treasured names in music history.

Concord Music's recorded music portfolio contains more than 10,000 active album recordings and includes no less than 244 GRAMMY® winners and 371 titles that have been certified by the RIAA as either gold, platinum, multi-platinum or diamond.   Concord Music’s record labels – Concord Records, Fantasy Records, Fearless Records, Loma Vista Recordings, Razor & Tie (including Kidz Bop) and Rounder Records – collectively release more than 100 new recordings per year within numerous musical genres.  Concord Music’s historical labels, which are managed by its Craft Recordings division, include such storied imprints as Milestone, Musart, Nitro, Pablo, Prestige, Riverside, Specialty, Stax, Telarc, Vee-Jay and Wind-up.

With the combination of The Bicycle Music Company and Imagem Music Group, there are over 380,000 copyrighted works in the music publishing catalogs owned by Concord Music.  These catalogs span nearly all musical genres and contain many of the world’s most celebrated compositions.   In addition to managing these catalogs, Concord Music supports a diverse group of current composers and songwriters who are continually creating exciting new musical works.  Concord Music’s publishing business is managed through five primary brands: Bicycle, Boosey & Hawkes, Imagem, Razor & Tie Music Publishing and Rodgers & Hammerstein.

Concord Music is wholly owned by Alchemy Copyrights LLC, an investment company that is owned by Barings Alternative Investments, Sound Investors and seventy institutional and individual partners, including forty members of Concord Music’s management team.  At the forefront of intellectual property valuation, acquisition and utilization, the Concord Music investment underscores the partners’ belief in the lasting and appreciating global value of superior original entertainment content.

www.concord.com

For more info, please contact: Joel Amsterdam, Concord Music – 310-385-4206

[email protected]