Meanwhile, Sony sweeps all three Publishers Quarterly categories for Q3 2023, while Warner Chappell jumps to second place on Hot 100.
“As institutional investors, it comes down to what is your time horizon?” says Concord CEO Scott Valentine.
With tracks by REO Speedwagon, KISS, and more, the MOJO catalog contains shares of 89 Billboard No. 1 hits.
The deal would pay investors $1.15 a share and give Concord access to a catalog of 150,000 songs.
The new imprint will focus on emerging artists and existing acts with Pulse ties.
Also this week: Downtown names a president of artist & label services, BMG taps a president of Australia/NZ/Southeast Asia and more.
“I’m really kind of still in shock,” says the iconic rocker after buying a majority interest in the global publishing rights to his CCR song catalog from Concord.
In a year without major IPOs, the majority of the most valuable music business deals involved catalog acquisitions in one way or another.