Concord has renewed its global distribution agreement with Universal Music. It's a Christmas miracle! Oh no, sorry, I misread that bit. The renewal is down to the "wonderful relationship" the two companies have built over the last fifteen years of working together. Under the deal, Universal will continue to provide physical and digital distribution for Concord's frontline labels.
"UMG and Concord have built a wonderful relationship over the past fifteen years", says Concord CEO Scott Pascucci. "As we have grown, they have provided the support that we needed to expand the worldwide success of our frontline labels, the Kidz Bop franchise, Craft Recordings, and the rest of our catalogue. We are very pleased to be renewing this partnership with Universal".
Universal CEO Lucian Grainge adds: "Our partnership with Concord is built on a foundation of shared values. We both put artists and creativity at the centre of everything we do. I couldn't be happier to extend our partnership and l look forward to even more success working with Scott, Tom , Sig and the entire Concord team".