Other recent music deals include Live Nation's acquisition of a Dominican-based promoter, Audiomack's fraud detection partnership with Beatdapp and more.
The deal will allow Concord to develop remakes and sequels to films and musicals in RKO's library, which includes It's a Wonderful Life and several Fred and Ginger romps.
One report puts the purchase price for the minority stake at $200 million.
Etsy acquired the music gear marketplace in 2019 for $275 million.
Infinite Reality, a digital media and e-commerce company, has been on a buying spree in the last 18 months, spending over $1 billion on acquisitions.
The private equity firm says the all-in value of the company — which owns talent agency WME, marketing agency 160over90 and brand licensing agency IMG — is $25 billion.
The acquisition would help catalog-heavy Concord develop its frontline business.
The country star will continue to play an integral role in the liquor brand, which he launched 12 years ago.
The deal brings together two trailblazing indie labels. Dale Play founder Fede Lauria will remain as CEO.
The "Buy U a Drank" and "I'm N Luv (Wit a Stripper)" singer says he's excited for his next chapter: "I don't plan on stopping anytime soon."
