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Concorde Music Group up for sale....

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Last post 03/12/2012

      Original post

      Having wriggled out of EMI before that group fell vulnerable to asset stripping sales and remergers Paul's more recent catalogue once again seems to be vulnerable to being traded again:

      http://uk.news.yahoo.com/exclusive-fuller-eyes-bid-mccartney-label-224734560--finance.html

      The music impresario Simon Fuller is plotting to seize control of an American record label that numbers Sir Paul McCartney and Joni Mitchell among its leading artists.

      I have learned that Mr Fuller is among a pack of bidders circling Concord Music Group, which is owned by the US-based media conglomerate Village Roadshow.

      As well as Sir Paul and Ms Mitchell, Concord owns a catalogue of music featuring stars including Miles Davis and Dionne Warwick.

      Concord, which is expected to command a price-tag of approximately $125m, has been put up for sale eight years after it was formed from the merger of Concord Records and Fantasy Records.

      To read the full article follow the link above.

      Martin

        Be nice if Fuller bought Parlophone off EMI/UMG and Concord...