Business News Deals Labels & Publishers

Concord Music acquires Razor & Tie, announces new publishing exec team

By | Published on Thursday 18 January 2018

Concord Music Group

US music rights firm Concord Music has fully acquired Razor & Tie, three years after taking a 50% stake in the record label.

According to Variety, Razor & Tie is expected to continue to operate as a standalone company, but some redundancies are expected. Meanwhile, the label’s co-founders Cliff Chenfeld and Craig Balsam will stay on until the summer, confirmed Concord COO Glen Barros.

“It was always understood between Cliff Chenfeld, Craig Balsam, and the Concord team that Concord would eventually purchase the remainder of the company at some point after our initial investment in 2015”, Barros added in a statement published by Billboard. “We mutually and amicably decided that the time was right to do this now”.

As well as news of the Razor & Tie acquisition, Concord also yesterday announced a restructured leadership team to oversee its various music publishing companies. This includes The Rodgers & Hammerstein Organisation, Boosey & Hawkes, and a new group formed of The Bicycle Music Company, Imagem Music, and Razor & Tie Publishing.

Jake Wisely, who joined from Bicycle in 2015, has been appointed Chief Publishing Officer of Concord Music, and will work out of the company’s new Nashville office.

“Jake is one of the founding members of Bicycle Music and has been a key factor in the growth of Concord Music”, says Concord Music CEO Scott Pascucci. “He will continue to steer our publishing business in unique and successful directions in the years to come”.

Meanwhile, Bill Gaden is now Concord’s President for North America, John Minch is President for Europe, and Kent Hoskins is Chief Financial Officer across the group.

The aforementioned Wisely comments: “As principals of Concord Music’s publishing executive committee, Bill, John, and Kent have proven themselves invaluable partners in the melding of a spectacular roster and catalogue, along with the systems, infrastructure, and best practices of the Bicycle and Imagem businesses. Their wealth of knowledge, experience, and resources, along with that of our entire staff, cements Concord’s future as a dynamic, world-class music publisher”.

Further announcements about the consolidation of Concord’s publishing interests are expected shortly.