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.
The National Music Publishers' Association has elected a new board, including newcomers Laura Veltz and Jeff Pachman.
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.
The bond is backed by more than 1 million music assets, including such artists as Genesis, Phil Collins and R.E.M.
