While Concord already has a diverse music publishing catalog that includes iconic songs from the 1940s to more recent rock hits, the deal helps strengthen the company’s contemporary songwriter portfolio with such acts and songwriters as the 1975. The Downtown deal also boosts Concord’s ’80s rock portfolio with songs from Mötley Crüe’s Nikki Sixx. “Our global publishing team is honored to now represent these songwriters and their works to the world.”Ĭoncord Establishes $1 Million Scholarship Fund for Stax Music Academy

“The incredible catalog of songs is an excellent complement to the timeless and valuable copyrights upon which Concord has built a successful business,” said Jim Selby, Concord’s chief publishing executive, in a statement. At an NPS multiple in the range of 17-19 times, that works out to $306 million to $380 million, with other sources putting the valuation at about $350 million.Ĭoncord now owns or controls music assets for over 600,000 songs, establishing it firmly as the sixth biggest music publisher. And after 2017’s acquisition of Imagem Music and last year’s deal for a majority stake in PULSE Music Group - each at about $550 million and $150 million valuations, respectively - the company has invested nearly $1 billion in acquiring and signing music assets over the last four years. Billboard estimates that the owned portion of the Downtown catalog has a net publisher share, or gross profit, of $18 million to $20 million, and revenues of about $25 million to $30 million.

Terms of the acquisitions were not disclosed, but Billboard estimates the assets being sold carry a $350 million valuation based on an 18–20 times multiple.ĭowntown is only selling the portion of its publishing catalog that it has an ownership stake in and not the songs and catalogs where it serves as administrator. Concord has acquired Downtown Music’s 145,000-song publishing copyrights, the companies announced Monday (April 26), including shares in “Dancing in the Streets,” “Moves Like Jagger,” “Green Onions,” “Halo,” “Stay With Me” and “Shallow.” Concord also gets the contracts of Downtown Music’s existing songwriter roster.

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