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Business News Deals Labels & Publishers
Concord acquires Victory Records
By Andy Malt | Published on Tuesday 1 October 2019
Concord Music Group has further expanded its recordings business by acquiring US-based independent label Victory Records. The Another Victory publishing company is also included as part of the deal.
Launched in 1989, the rock and punk focused Victory Records has been owned and run by its sometimes vocal founder Tony Brummel for 30 years. The new deal includes 4500 master recordings, plus the rights in about 3500 compositions.
“Concord is a market leader across rock genres in both new releases and catalogue”, boasts the firm’s Chief Business Development Officer Steven Salm. “Tony’s dedication to Victory and the development of talent within these rock genres of metal, emo and hardcore as a true independent operator is incredibly admirable and he’s made a very significant impact in that world”.
On the deal and moving forward, he adds: “Tony and I have gotten to know each other over the years and all of us at Concord very much look forward to being the next creative managers of the Victory masters and publishing catalogues as well as insuring all of the artists that have been part of Victory feel very much at home at Concord”.
For his part, Brummel says: “I have had the pleasure of knowing Steve Salm and the Concord team for a few years now. My dealings with Steve and Concord have been nothing but enjoyable. Concord has a great team, infrastructure and the financial backing and support to do great things with the music and entertainment assets that they represent”.
“Victory and Another Victory’s great catalogue of music and songs will be in caring and fantastic hands going forward”, he reckons. “We’ve had a great run and with Concord it will only continue. My team at Victory will be remaining intact as we embark, going forward, on our new and existing business journeys”.
Victory’s upcoming releases include new Like Torches album ‘Love And Losses’ on 1 Nov. Here’s their latest single, ‘The Guilt Of Surviving’:
