Original article from: http://www.m-magazine.co.uk/publishers/imagem-acquired-concord-bicycle-music/
Global independent publisher Imagem Music Group has been acquired by US-based record company Concord Bicycle Music.
The deal includes Imagem’s 250,000 copyrights from leading pop, classical and Broadway writers, administered under its Boosey & Hawkes, Imagem and Rodgers & Hammerstein subsidiaries.
Independent record company and publisher Concord Bicycle Music has a portfolio of more than 10,000 active album recordings, from at least 243 GRAMMY winners and 370 RIAA certified gold, platinum and multi-platinum releases.
With the acquisition of Imagem, Concord Bicycle Music’s songbook now includes over 380,000 copyrighted works.
Scott Pascucci, Concord Bicycle Music chief executive, said: ‘Steve Smith, Jake Wisely and I congratulate André de Raaff and Denis Wigman on a decade’s success building the Imagem portfolio to its extraordinary substance and scale.
‘These are precious copyrights – they represent some of the best music ever created and we are proud to have an opportunity to represent them to the world. Our team looks forward to working with everyone at Imagem Music, Rodgers & Hammerstein and Boosey & Hawkes, as we usher in the next phase of Concord Bicycle Music’s development into an industry leading, full-service music company.’
André de Raaff, Imagem Music Group chief executive, added: ‘I want to thank the Dutch pension fund ABP for believing and supporting us in creating such a successful and leading worldwide music publishing company in the shortest time ever in history.
‘Winning GRAMMYs for Record of the Year with Daft Punk and Mark Ronson, Tony Awards for revivals of our musicals South Pacific and The King and I, and the continuing success of The Sound of Music, securing the rights of a long lost work by Stravinsky last year and immediately licensing 100+ performances, and the upcoming centennial of Leonard Bernstein with over 1,000 events already announced, are just a few of the countless successes we have enjoyed over the years.
‘The biggest thanks to all composers and catalogue owners who committed to us and experienced the great people working for Imagem and “making the difference”. I think that Concord Bicycle, being a true independent, is a wonderful new home for Imagem under the leadership of Scott, Steve and Jake.’
Concord Bicycle Music is owned by Barings Alternative Investments, Sound Investors and 70 other partners, including 40 members of the company’s management team.
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