{"id":144302,"date":"2025-03-24T09:10:41","date_gmt":"2025-03-24T13:10:41","guid":{"rendered":"https:\/\/www.cyberlego.com\/web\/2025\/03\/24\/concord-acquires-stem-distribution-to-boost-indie-artist-services-2\/"},"modified":"2025-03-24T09:10:41","modified_gmt":"2025-03-24T13:10:41","slug":"concord-acquires-stem-distribution-to-boost-indie-artist-services-2","status":"publish","type":"post","link":"https:\/\/www.cyberlego.com\/web\/2025\/03\/24\/concord-acquires-stem-distribution-to-boost-indie-artist-services-2\/","title":{"rendered":"Concord Acquires Stem Distribution to Boost Indie Artist\u00a0Services"},"content":{"rendered":"

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\n\tNashville-based publishing and catalog giant Concord said on Monday it agreed to acquire Stem Distribution, a 10-year-old independent digital distribution company.<\/p>\n

\n\tTerms of the deal were not disclosed. Reports from early March<\/a> put the price tag at above $50 million, according to Music Business Worldwide<\/em>.<\/a><\/p>\n

\n\tAdding Stem to its portfolio will help Concord\u2019s expand its business signing and servicing up-and-coming artists. Stem is a distribution company and payment platform that has worked with artists like Brent Faiyaz, Chappell Roan, Julia Michaels and Mk.gee.<\/p>\n

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\t\t\t\t\tConcord in Advanced Talks to Acquire\u00a0Stem\t\t<\/p>\n<\/h3><\/div>\n

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\n\tKnown for originating digital royalty payment splits on songs with several collaborating artists, Stem expanded over the years to provide financial management technology and alternative sources of funding for independent artists seeking to run their own businesses. Joining Concord allows it to access its operational and financial resources. <\/p>\n

\n\tConcord is among the biggest independent music companies, and its frontline record label business includes Rounder Records, Concord Jazz, Fearless Records, Concord Theatrical Recordings and the Kidz Bop franchise. <\/p>\n

\n\tConcord also has joint ventures in Loma Vista Recordings with\u00a0Tom Whalley<\/strong>; Easy Eye Sound with Black Keys frontman\u00a0Dan Auerbach<\/a>; and PULSE Records with PULSE Music Group. Launched in 2023, PULSE Records saw major success with\u00a0Tommy Richman<\/a>\u2019s hit \u201cMillion Dollar Baby,\u201d\u00a0which Billboard<\/em>\u00a0estimates\u00a0generated $4.99 million<\/a>\u00a0from on-demand audio streams and digital song sales in 2024.<\/p>\n

\n\tConcord Label Group CEO Tom Becci <\/strong>said that through Stem, Concord is seeking to support \u201cindependent artists and entrepreneurs.\u201d <\/p>\n

\n\t\u201cThe success of the indie community is vital to the long-term growth and health of the music industry,\u201d Becci said in a statement. \u201cOur investment \u2026 will equip [Stem] with the tools necessary to deliver first-class service across the globe while further modernizing the indie music landscape.\u201d<\/p>\n

\n\tStem founder CEO Milana Lewis<\/strong> described the acquisition by Concord as an opportunity for expansion. Lewis and President Kristin Graziani <\/strong>will continue to lead Stem under the Concord umbrella.<\/p>\n

\n\t\u201cWith Concord\u2019s backing, we gain more fuel for the engine and a global team to help us scale,\u201d said <\/strong>Lewis. \u201cWe\u2019re doubling down on raising the standard for independent artists.\u201d<\/p>\n

\n\t\u201cConcord\u2019s capital, comprehensive global label services and strategic expertise across recorded music will immediately strengthen Stem\u2019s offering,\u201d stated Graziani.<\/p>\n

\n\tStem will spin off its Tone business, which houses royalty accounting and other financial tools for record labels owned by Stem. Concord will be one of Tone\u2019s investors. <\/p>\n

\n\tConcord received outside legal counsel from Reed Smith and tax advice from KPMG. Stem received financial advice from Raine Group, and outside legal counsel from Rachel Totten<\/strong> and Natalie Martirossian<\/strong> of Goodwin Procter, Sarah Graham<\/strong> from Gibson-Dunn and Laxmi Vijaysankar<\/strong> at Serling Rooks Hunter McKoy Worob & Averill.<\/p>\n<\/div>\n<\/div>\n

Aller \u00e0 la source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Nashville-based publishing and catalog giant Concord said on Monday it agreed to acquire Stem Distribution, a 10-year-old independent digital distribution company. Terms of the deal were not disclosed. Reports from early March put the price tag at above $50 million, according to Music Business Worldwide. Adding Stem to its portfolio will help Concord\u2019s expand its […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-144302","post","type-post","status-publish","format-standard","hentry","category-musique","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"_links":{"self":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/144302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/comments?post=144302"}],"version-history":[{"count":0,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/144302\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/media?parent=144302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/categories?post=144302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/tags?post=144302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}