Accordingly, Concord’s purchase included the master recording and musical composition rights to such classics like “In The Air Tonight,” “Against All Odds,” “Follow You Follow Me,” “Misunderstanding,” and ”That’s All,” amongst countless other evergreen hits.
Concord is the independent, worldwide leader in the development, management and acquisition of sound recordings, music publishing and theatrical performance rights.
The cross-office Reed Smith team advising Concord was led by Entertainment & Media Group partners Stephen Sessa and Nick Breen, Global Corporate Group partner Michael Young and senior associate Daryl Cue.
Commenting on the closing, Century City partner Sessa, said: “We are delighted to have assisted Concord on this significant deal involving one of the world’s most renowned music catalogues. The complex transaction involved multiple acquisitions of both individually owned assets and corporate holding vehicles. This deal represents another significant and important addition of iconic works to one of the most music-centric/artist-driven music companies in the world and we were thrilled to help them get it done.”
Concord is a longstanding client of Reed Smith, with the firm having advised on a number of matters including the purchase of the legendary publishing company Imagem Music Group in 2017, entry into a publishing join venture with Pulse Music Group in 2020, and Concord’s significant acquisition of Downtown music publishing assets in 2021. Most recently, in 2022, Reed Smith represented Concord in the purchase of Hitco.
More information can be found at concord.com.
About Reed Smith
Reed Smith is a dynamic international law firm dedicated to helping clients move their businesses forward. With an inclusive culture and innovative mindset, we deliver smarter, more creative legal services that drive better outcomes for our clients. Our deep industry knowledge, long-standing relationships and collaborative structure make us the go-to partner for complex disputes, transactions, and regulatory matters. Now celebrating more than 140 years of service, our firm spans 30 offices with 3,000 people, including 1,700 lawyers.
For more information, please visit www.reedsmith.com.
