Concord Raises $850M in Music Royalty-Backed Notes, Solidifying Industry Position
Concord has successfully completed its third securitization, issuing $850 million in senior notes backed by royalties from over one million songs. The five-year notes are secured by works from renowned artists including the Beatles, Phil Collins, and Genesis.
Plain White T's performing on stage
Key details of the securitization:
- Total music IP valuation: approximately $5.1 billion
- Recent notable acquisition: Substantial portion of Daddy Yankee's catalog
- Transaction structure led by Apollo Global Securities
- FTI Consulting served as backup manager
The company plans to use the capital for additional acquisitions and strategic growth. Concord is also expanding its physical presence with a new 32,241-square-foot office space in Beverly Hills, scheduled for Q3 2025.
Recent significant acquisitions by Concord include:
- Mojo Music & Media
- Round Hill Combined value: $606.3 million in music IP
Bob Valentine, Concord's head, called the securitization "another significant milestone" and emphasized the company's commitment to supporting artists and their creative work. The move reinforces Concord's position as a major player in the music industry, following their previous interest in acquiring Hipgnosis Songs Fund.
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