paul secor Posted September 21, 2017 Report Share Posted September 21, 2017 http://variety.com/2017/music/news/concord-music-group-acquires-famed-jazz-label-savoy-429-records-1202565443/ More music that they can sit on and do nothing with, at least as far as the general public is concerned. Quote Link to comment Share on other sites More sharing options...
JSngry Posted September 21, 2017 Report Share Posted September 21, 2017 If a corporation sits on a pile of music that the general public neither knows or cares exists, what will incentivize them to stand up and look what they got? Nothing? I was trying to explain this to a guy at work a few weeks ago, why "people" want to own mountains of shit they have no intention of using, and the best I could put it was that it's not really a bet on the bulk gaining value through intrinsic worth of some other antiquated notion, but more like a hedge that one day, one hipster with beaucoup money is going to for whatever reason want to pull something out of of their ass for a film or a commercial or something and then they can say here's your ass right here, pull away big boy, here's what it'll cost you, you gotta pay to pull, and then they'll get some money. Cigars will be lit, whores will be screwed, satan gets paid, and then, they all laughed when I sat down to pay, well, who's got the last laugh now. Or, like some hipster with a buttload of money and even more of a mission is going to want to pay those big bucks to own it so they can give it away in perpetuity, egotism via philanthropy and/or vice versa. But no, they're not buying it to use it, what is this, the 20th century? No, they're buying it so when somebody else wants it, they'll be the ones who can sell it. Quote Link to comment Share on other sites More sharing options...
Chuck Nessa Posted September 21, 2017 Report Share Posted September 21, 2017 3 hours ago, JSngry said: But no, they're not buying it to use it, what is this, the 20th century? No, they're buying it so when somebody else wants it, they'll be the ones who can sell it. True, but at least there is a party predisposed to protecting the "primary sources". No small thing. Quote Link to comment Share on other sites More sharing options...
chewy-chew-chew-bean-benitez Posted September 21, 2017 Report Share Posted September 21, 2017 how the hell concord became such a major player is beyond me.......they were just like a little jazz label that issued 80s herb ellis records in crappy plastic sleeves......where did all this $$$$$ come from for all these aquisitions? Quote Link to comment Share on other sites More sharing options...
Chuck Nessa Posted September 21, 2017 Report Share Posted September 21, 2017 This explains it - https://en.wikipedia.org/wiki/Concord_Records Quote Link to comment Share on other sites More sharing options...
felser Posted September 22, 2017 Report Share Posted September 22, 2017 Concord will do some awesome reissue projects from the Savoy Catalog - "Wilbur Harden Plays for Lovers", "Curtis Fuller Plays for Lovers", etc. Each CD 34 minutes long. Quote Link to comment Share on other sites More sharing options...
Rooster_Ties Posted September 22, 2017 Report Share Posted September 22, 2017 1 hour ago, felser said: Concord will do some awesome reissue projects from the Savoy Catalog - "Wilbur Harden Plays for Lovers", "Curtis Fuller Plays for Lovers", etc. Each CD 34 minutes long. I'm holding out for... "Valdo Williams Plays (New Advanced Jazz) For Lovers" Quote Link to comment Share on other sites More sharing options...
Adam Posted September 22, 2017 Report Share Posted September 22, 2017 More relevant: http://www.billboard.com/biz/articles/news/indies/1554424/concord-music-group-to-be-sold-to-wood-creek-capital-management Quote Link to comment Share on other sites More sharing options...
Dan Gould Posted September 22, 2017 Report Share Posted September 22, 2017 7 hours ago, Adam said: More relevant: http://www.billboard.com/biz/articles/news/indies/1554424/concord-music-group-to-be-sold-to-wood-creek-capital-management A story from four years ago has more relevance than this story? Quote Link to comment Share on other sites More sharing options...
Big Beat Steve Posted September 22, 2017 Report Share Posted September 22, 2017 (edited) 7 hours ago, Dan Gould said: A story from four years ago has more relevance than this story? Yes, quote from the Variety link above: "Since being acquired by Wood Creek Capital Management Group in March, 2013, from Village Roadshow Entertainment Group (and Norman Lear, who remains on as chairman emeritus) for $120 million, Concord Music has been on a spending spree .." So that Billboard item is old hat indeed. 18 hours ago, JSngry said: If a corporation sits on a pile of music that the general public neither knows or cares exists, what will incentivize them to stand up and look what they got? Nothing?... But no, they're not buying it to use it, what is this, the 20th century? No, they're buying it so when somebody else wants it, they'll be the ones who can sell it. You just explained why there are P.D. labels reissuing that stuff in places where this is perfectly legal. Because there ARE people who care about hearing this. Edited September 22, 2017 by Big Beat Steve Quote Link to comment Share on other sites More sharing options...
bluesoul Posted September 22, 2017 Report Share Posted September 22, 2017 This NYT article from June has a little more info on Concord's ownership changes. For Concord Bicycle, the Imagem acquisition will cap a busy period of deal making. Four years ago, Wood Creek Capital Management, a private equity affiliate of MassMutual, bought the Concord Music Group, a record label that had built a business catering to adult tastes with Paul McCartney, the Stax soul catalog and a joint label with Starbucks. (Concord Bicycle is now owned by Barings Alternative Investments, the successor to Wood Creek; Sound Investors, led by the media executive Stephen Smith; and others.) Then, in 2015, Concord merged with the Bicycle Music Company, a publisher, and the combined company made a series of deals for new kinds of music: Wind-Up Records and Razor & Tie brought hard rock and the popular “Kidz Bop” series; a deal for Musart added Latin music; a deal with the music executive Tom Whalley for his label Loma Vista added alternative acts like St. Vincent; and there was a partnership with Andrew Lloyd Webber’s Really Useful Group. Quote Link to comment Share on other sites More sharing options...
JSngry Posted September 22, 2017 Report Share Posted September 22, 2017 2 hours ago, Big Beat Steve said: You just explained why there are P.D. labels reissuing that stuff in places where this is perfectly legal. Because there ARE people who care about hearing this. Indeed. But age of consent and actual consent are not the same thing. Quote Link to comment Share on other sites More sharing options...
JSngry Posted September 22, 2017 Report Share Posted September 22, 2017 Concord sent me an email announcing their new Marilyn Manson release. No mention of Herb Ellis being on it, nor of Curtis Fuller. Quote Link to comment Share on other sites More sharing options...
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