Concord Acquires 145,000 Song Catalog From Downtown Music
Downtown will leave the ownership business and focus on music services exclusively Brian Welk | April 26, 2021 @ 10:12 AM Warner Bros. Downtown Music Holdings has sold its publishing library of 145,000 songs, including tracks by Beyoncé, Lady Gaga, Jay-Z and more, to Concord Music Group. It’s the latest example of the sale of a large music catalog as the industry has seen a flurry of sales for record multiples. But instead of an artist directly selling their own music library to a private group, another company is now getting out of the music ownership business entirely at a point when th...
Source: thewrap.com