Reed Smith, a global law firm, advised Concord, the world’s leading independent music company, in the acquisition of Broadway Licensing Global (BLG). BLG’s family of imprints—Broadway Licensing, Dramatists Play Service, Playscripts and Stage Rights—will now become part of Concord Theatricals.
The price of the acquisition was not disclosed. The acquisition terms do not include Stageworks or the Broadway On Demand streaming service. Concord Theatricals is the world’s most significant theatrical company, comprising the catalogs of Rodgers & Hammerstein Theatricals, Tams-Witmark, Samuel French and the Andrew Lloyd Webber Collection. The deal will expand Concord’s already robust number of licensors, producers and record labels, according to the press release.
Reed Smith partners Stephen Sessa and Ross Williams led the team on the transaction with support from Bob McCann, Simon Kliegman, James Tandler, James Melchin, Ashlee Germany and Faith Moss.