Home Uncategorized Concord and Bicycle Music Merge, Raise $100 Million and Acquires Vanguard, Sugar Hill...

Concord and Bicycle Music Merge, Raise $100 Million and Acquires Vanguard, Sugar Hill Records

SHARE

[ad_1]


vanguard
Don’t blink
or you’ll miss
something important: Concord Music Group
has merged with The Bicycle Music Company,
raised $100 million, and acquired indie labels
Vanguard and Sugar
Hill
.

Concord Music Group has acquired independent record labels
Vanguard and Sugar Hill from the Welk Music Group.  

The acquisition follows the recent merger of Concord Music
Group and The Bicycle Music Company, an independent music
publisher, record label and rights manager, under the moniker
Concord Bicycle
image from i.ytimg.com
Music. The new company
has raised $100 million of additional capital to fund
further growth through continued music rights acquisitions and
artist development investments.

With deep roots in bluegrass, folk, country and Americana,
Nashville-based Sugar Hill Records’  roster features
Sarah Jarosz, Lee Ann Womack, Liz Longley, Corey
Smith, Kasey Chambers, Sam
Bush, moe., Bryan Sutton and Black Prairie.
 Founded in 1947, Vanguard Records;’ roster includes
Indigo Girls, Chris Isaak, John Butler Trio, John Fogerty,
Andrew McMahon in the Wilderness, Matt Nathanson, O.A.R.,
Barenaked Ladies, Sallie Ford, Marc Broussard, Jerry Lee Lewis
and Trevor Hall. 

Welk Music Group President Kevin Welk will remain
engaged with Vanguard and Sugar Hill as Chief Creative for the
labels.

In Los Angeles, Vanguard’s operations and label team will be
merged under Concord’s Fantasy Label Group. Dan Sell, General
Manager of Vanguard prior to the acquisition, will continue to
lead the label’s operations as Vanguard’s Chief Operating
Officer. 

In Nashville, Sugar Hill’s operations and label team will be
merged under Concord’s Rounder Label Group. Cliff O’Sullivan,
General Manager of Sugar Hill prior to the acquisition, will be
the label group’s Chief Operating Officer.

 

[ad_2]

Source link