Concord has acquired renowned independent rock, metal, emo and hardcore punk music company Victory Records and Another Victory Publishing from Chicago-based founder and CEO Tony Brummel.
The acquisition includes approximately 4,500 master recordings and 3,500 compositions.
Victory was started by Brummel in 1989 in his hometown of Chicago with an initial investment of less than $1,000 and from the beginning of its days has been self-funded.
Victory’s master recording catalog includes A Day To Remember, Hawthorne Heights, Thursday and Silverstein. The completion of this deal also brings all of Victory’s legacy catalog under one roof at Concord with the likes of Taking Back Sunday, Atreyu, Bayside, Counterparts and Between the Buried and Me.
“Tony and I have gotten to know each other over the years and all of us at Concord very much look forward to being the next creative managers of the Victory masters and publishing catalogs.”
Steve Salm (pictured, main)
Concord is expected to turn over more than $450m this year, according to sources.
Victory-signed artists have sold over 15,000,000 albums over the last 30 years, securing six RIAA certified Gold albums, six RIAA certified Gold singles, one RIAA certified platinum single, two BPI certified silver albums and one Canada Music Canada certified Gold album.
“Concord is a market leader across rock genres in both new releases and catalog. Tony’s dedication to Victory and the development of talent within these rock genres of metal, emo and hardcore as a true independent operator is incredibly admirable and he’s made a very significant impact in that world,” commented Steven Salm, Concord’s Chief Business Development Officer.
“Tony and I have gotten to know each other over the years and all of us at Concord very much look forward to being the next creative managers of the Victory masters and publishing catalogs as well as insuring all of the artists that have been part of Victory feel very much at home at Concord.”
“We’ve had a great run and with Concord it will only continue. My team at Victory will be remaining intact as we embark, going forward, on our new and existing business journeys.”
Tony Brummel, Victory
Said Victory founder Brummel. “I have had the pleasure of knowing Steve Salm and the Concord team for a few years now. My dealings with Steve and Concord have been nothing but enjoyable. Concord has a great team, infrastructure and the financial backing and support to do great things with the music and entertainment assets that they represent.
“Victory and Another Victory’s great catalog of music and songs will be in caring and fantastic hands going forward. We’ve had a great run and with Concord it will only continue. My team at Victory will be remaining intact as we embark, going forward, on our new and existing business journeys.”
Concord’s master recording portfolio contains more than 16,000 active albums, while its publishing division represents more than 390,000 copyrighted works.Music Business Worldwide