| Type | Private |
|---|---|
| Industry | Music & Entertainment |
| Founded | 2004 |
| Headquarters | Beverly Hills, California United States |
| Area served | worldwide |
| Owner(s) | Village Roadshow ACT III Communications[1] |
| Parent | Village Roadshow Entertainment Group |
| Website | Concord Music Group |
Concord Music Group is a record company owned by Village Roadshow formed in 2004 by the merger of Concord Records and Fantasy Records. In 2005, the company acquired the classics and jazz label Telarc International. On December 18, 2006, Concord announced the re-launch of the soul label Stax; rights to the name were formerly held by Fantasy. New signings include Angie Stone and Nikka Costa.[2]
On March 12, 2007, Concord Music Group and Starbucks jointly founded the Hear Music label, which has released albums by artists that include Paul McCartney, Joni Mitchell, James Taylor, John Mellencamp and more.[3] In April 2010 it was announced McCartney has transferred distribution rights to his post-Beatles output to Concord from EMI.[4]
Distribution is mainly handled by Universal Music Group.[5] In smaller markets, such as those in Africa and Eastern Europe, local independent labels that represent Universal license the catalogue.[6] Since 2010, Concord Music Group is divided into 3 umbrellas: Concord Records Group, Fantasy Records Group & Telarc Records Group. It is now the 5th largest record groups in the world.
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