You will be redirected back to your article in seconds

Concord Bicycle Music Snaps Up Warner Music’s Parlophone Divestments: Jewel, Sergio Mendes, More

Fresh from its acquisition of Imagem last month, Concord Bicycle Music continued its buying spree, securing the rights to the Atlantic catalog of Jewel and albums by Sergio Mendes as part of a seven-figure deal for Warner Music Group’s post-Parlophone divestments, Variety has confirmed.

WMG had an agreement with indie-label collective Merlin to sell off $200 million of its music assets to independent companies as a condition of acquiring Parlophone in 2013, when Universal Music Group was forced to let the label go as its own condition of buying EMI’s recorded-music assets.  The deal was first reported by Music Business Worldwide in the U.K., and was completed on July 1, according to a source.

The purchase brings Jewel’s first five studio albums to Concord, including her debut “Pieces Of You,” which has sold 12 million copies in the U.S. since its release in 1995.

After merging with the Bicycle Music Company and raising $100m for its war chest in 2015, Concord has acquired Fearless Records, Wind-Up Records, HighTone Records and signed a joint venture with Razor & Tie.

Other WMG divestments were made to Domino Records (The Buzzcocks, Hot Chip), Epitaph (Tom Waits catalog items) and Paris-based Because Music (London Records), which included recordings by British girl pop group All Saints and Manchester’s rave alumni Happy Mondays, originally signed to Factory Records.

At the same time, Because Music SVP A&R/Marketing Jane Third left the company to join [PIAS] as Global Chief Creative Officer, with her own label. Third had spent 10 years at Because, with signings including Swedish act Little Dragon and Mercury Music Prize-nominated bands Django Django and Metronomy.

Alongside founder and CEO Emmanuel De Buretel, Third helped grow the company since its launch in 2005. Because will not have rights to the London Records name. London was last active as a UK label at UMG under Nick Raphael and Jo Charrington.

Pop artists on London Records have included Ace of Base, Bananarama, Bronski Beat and Whigfield.

More Music

  • Dave Matthews Band

    Dave Matthews Band Announces Summer Tour Dates

    Dave Matthews Band has announced the dates for its 2019 North American summer tour — although the jaunt begins well before summer officially begins. The headlining run will kick off on April 30th in Pensacola, FL and includes two-night stands in Camden, NJ; Noblesville, IN; Elkhorn, WI; Saratoga Springs, NY; West Palm Beach, FL; and Denver, [...]

  • Mott the Hoople to Tour U.S.

    Mott the Hoople to Tour U.S. for First Time Since 1974

    One of the most critically beloved rock bands of the 1970s, Mott the Hoople, has reformed on a couple of occasions in the last 10 years to play their native UK, but American fans had to buy plane fare overseas to see Ian Hunter reuniting with former bandmates. U.S. fans will finally get their chance, [...]

  • Oscars Placeholder Black and White

    ‘A Star Is Born,’ ‘Black Panther,’ ‘Mary Poppins’ Lead Oscar Music Nominations

    Songs from “A Star Is Born,” “Black Panther,” “RBG,” “Mary Poppins Returns” and “The Ballad of Lester Scruggs” were nominated for Best Song for the 2019 Academy Awards, announced Tuesday morning, while “BlacKkKlansman,” “Black Panther,” “If Beale Street Could Talk,” “Isle of Dogs” and “Mary Poppins Returns” received nods for Best Score. Specifically, the Best [...]

  • *NSYNC merchandise

    Universal Music Expands Merchandising Operation With Acquisition of Epic Rights

    Universal Music Group-owned Bravado has acquired Epic Rights, the Los Angeles-based merchandising and branding company that counts KISS, Britney Spears, Aerosmith, *NSYNC, Def Leppard, Billy Joel and David Bowie, among others, on its roster. Epic Rights was launched in 2014 by Dell Furano, a pioneer of music merchandising who co-founded Winterland Productions in the 1970s with legendary concert [...]

  • Chris Brown

    Chris Brown Detained on Rape, Drug Allegations

    Chris Brown has been detained by police in Paris on rape charges, according to multiple news reports. A 24-year-old woman claims that the singer assaulted her in a hotel suite in the city on the night of January 15-16 at the club Le Crystal and then returned to the Mandarin Oriental Hotel, where she claims [...]

  • Best Worst Performances Pink

    Pink, Muse, Chris Stapleton to Headline Citi Sound Vault During Grammy Week

    Pink, Muse and Chris Stapleton will headline Citi Sound Vault, the three-night live-music platform taking place at the Hollywood Palladium during Grammy week. Pink will kick off the Live Nation-produced series on Feb. 7, followed by Muse on Feb. 9 and Stapleton on Grammy night, the 10th. “This will be my first time performing at the [...]

More From Our Brands

Access exclusive content