Concord Music Publishing announced the purchase of Downtown Music Holdings’ entire portfolio of 145,000 owned and co-published music copyrights for an estimated $400 million, Music Business Worldwide reports. Numerous artists are included in the deal: Adele, Aretha Franklin, Beyoncé, Blake Shelton, Bruno Mars, Carrie Underwood, David Bowie, Eric Clapton, the Grateful Dead, Jay-Z, Lady Gaga, Madonna, Maroon 5, Marvin Gaye, Mary J. Blige, Mos Def, Mötley Crüe, New Order, Rage Against the Machine, Ray Charles, Santigold, Sam Smith, Stevie Wonder. Also in the songs rights news, financial giant Blackstone is about to acquire Entertainment One Music (eOne Music) $385 million in cash, according to MBW. The eOne music label features artists such as Snoop Dogg, Wu-Tang Clan, the Lumineers, Kaytranada, Cypress Hill, the Game, High on Fire, Tegan and Sara...

Growing indie powerhouse Concord has acquired Victory Records, the Chicago-based punk and emo label founded by Tony Brummel in 1989, home to bands like Taking Back Sunday, Bayside, Thursday, Hawthorne Heights, Silverstein, etc. Billboard estimates that the Victory company had $4.5 million-$5 million a year in revenue and further estimates that Concord paid somewhere in the range of $27 […]