Friday, 22 September 2023

Business News

Concord acquires Mojo Music & Media’s catalog of more than 30,000 songs

Concord has acquired the music publishing catalog of New York, Nashville, and London-based music publisher, Mojo Music & Media.

The catalog includes works of the bands REO Speedwagon, KISS, and Cheap Trick.

The Mojo catalog spans nine decades and comprises more than 30,000 songs including 89 Billboard No.1 hits, adding what Concord says is “a remarkable selection of music” to its publishing portfolio of 800,000 songs.

The company says that the deal “further highlights Concord’s continued strategic growth”.

Today’s news arrives a week-and-a-half after we reported that Alchemy Copyrights, LLC, trading as Concord, has agreed terms on a deal whereby it will acquire the entirety of Round Hill Music Royalty Fund (RHM) – the UK-listed fund operated by Round Hill Music.

The deal values the entire issued and to-be-issued share capital of RHM – which currently trades on the London Stock Exchange – at approximately USD $468.8 million, the two companies said in an announcement on September 8.

Mojo was founded in 2018 by industry veterans Mark Fried, Peter Shane, and Alan Wallis and supported since 2019 by funds managed by Crestline Investors Inc.

With a focus on strategic acquisitions of what it says are “culturally relevant songs”, Mojo acquired more than 40 catalogs including those of 30-year Nashville independent HoriPro Entertainment (REO Speedwagon, KISS, Jerry Reed) and LA-based Emerald Forest (Sophie B. Hawkins, Brownstone, Lita Ford).

Mojo’s roster includes Rock and Roll Hall of Fame inductees Rick Nielsen (Cheap Trick) and Warren Cuccurullo (Missing Persons, Duran Duran), Country Music Hall of Fame members Bob Morrison (Lookin’ For Love), Sharon Vaughn (My Heroes Have Always Been Cowboys) and Larry Gatlin (All The Gold In California) as well as D.L. Byron (Shadows Of The Night), Jeffrey Cohen (Freeway Of Love).

It also includes Earth Wind & Fire’s Al McKay (September, Best Of My Love), English Beat and General Public’s Dave Wakeling (Save It For Later, Tenderness), Grammy award-winning songwriter Jordan Reynolds (writer of Dan + Shay hits Tequila, Speechless, and 10,000 Hours), producer Jacknife Lee (Taylor Swift, Snow Patrol, and Kodaline) and the estates of Johnny Burke (Misty), Bernie Wayne (Blue Velvet) and Johnny Russell (Act Naturally)

“My nearly 30-year adventure in music publishing has always been about surrounding myself with the greatest songwriters, getting them paid, keeping them inspired, and elevating the power of…

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