CONCORD’S BICYCLE MUSIC SIGNS GLOBAL GEORGE HARRISON PUBLISHING DEAL
Concord, backed by Wood Creek – an investment manager with over $2.5 billion in committed capital – merged with independent publisher The Bicycle Music Company in April last year.
At the same time, it raised $100m to help expand its market presence. Since then, it’s gone on a bit of a spending spree, snapping up the likes of Fearless Records and Wind-Up Records and signing a worldwide JV with US indie Razor & Tie. Just last month, Concord licensed the global recorded rights to R.E.M’s classic ‘Warner Bros’ catalogue – a deal executed under the nose of the major label which helped make the band’s name. Now Bicycle Music has entered into exclusive worldwide publishing agreements with the Estate of George Harrison, which MBW believes was previously administered by Wixen.
The deal includes the Harrisongs catalogue, as well as the works of Dhani Harrison. The agreement covers George Harrison’s songs from the Beatles’ “White Album” (1968, featuring “While My Guitar Gently Weeps”), “Abbey Road” (1969, featuring “Something” and “Here Comes The Sun”) and “Let It Be” (1970), as well as solo albums such as “All Things Must Pass” (1970, featuring “My Sweet Lord” and “What Is Life”) and “Living In The Material World” (1973, featuring “Give Me Love (Give Me Peace On Earth)”).
By: Tim Ingham
Source: Music Business Worlwide
