///Corporate

TOM WHALLEY’S LOMA VISTA RECORDINGS AND CONCORD MUSIC GROUP ANNOUNCE STRATEGIC PARTNERSHIP


July 1, 2014
-
Concord Music Group is pleased to announce that it has entered into a new multi-year, worldwide strategic partnership with Tom Whalley and his Loma Vista Recordings label. Under the terms of the agreement, Concord will provide funding for new talent relationships and artist development, as well as comprehensive label services for Loma Vista’s remarkable current and future artist roster.

Formed in 2012 by Tom Whalley’s Seven Four Ent. in partnership with Republic Records, Loma Vista Recordings has released albums by prestigious artists including St. Vincent, Little Dragon, Rhye, Birds of Tokyo, Cut Copy, Ghost BC, Manchester Orchestra, Soundgarden, Papa, and the GRAMMY™-nominated Django Unchained Soundtrack. Spoon, the latest addition to the Loma Vista Recordings family, will release their new album, They Want My Soul on August 5th, 2014.

“Over the course of two years, we have built a roster full of my favorite artists making music today. Concord is an ideal partner because they share our sense of independence and core values in how you create and expose music to fans around the world,” said Tom Whalley. “And in expanding our relationship with Universal Music Group, our artists continue to be supported by the best distribution, marketing and promotion people in the business.”
Scott Pascucci, Managing Director of Concord Music Group said, “Tom is one of the truly exceptional executives in the music industry, and we are honored to have an opportunity to work with him and the entire Loma Vista team.  Together we’ll look to build on the great foundation that Tom has created and foster a nurturing environment for all Loma Vista artists, while producing long-term value for our employees and investors.”

Glen Barros, Concord’s President & CEO stated, “Tom Whalley, along with his experienced team and dynamic artist roster, bring an exciting new dimension to Concord that aligns perfectly with our vision for the company. We welcome complementary opportunities such as this and believe that this partnership will yield great results for all involved.”
Lucian Grainge, Chairman and CEO of Universal Music Group said, “Loma Vista and Concord are ideal partners, both creatively and culturally, and we’re thrilled that as a partner ourselves to both of them, UMG can renew and extend our relationship with Tom and build upon our collaboration with Scott, Glen and the great team at Concord."

About Concord Music Group:
Concord Music Group, based in Beverly Hills, CA is one of the largest independent record and music publishing companies in the world.  A small sampling of the company’s active roster includes Sir Paul McCartney, Paul Simon, James Taylor, Alison Krauss, Valerie June, Ben Harper, Chick Corea, Steve Martin, Esperanza Spalding and Seether.  Concord’s catalog includes legends such as John Coltrane, John Fogerty, Creedence Clearwater Revival, Ray Charles, Miles Davis, Little Richard, Otis Redding, Thelonious Monk, Isaac Hayes, Ella Fitzgerald and Tony Bennett, among many others. The company’s celebrated family of labels includes Concord Records, Concord Jazz, Hear Music, Fantasy, Stax, Milestone, Riverside, Specialty, Telarc, Prestige and Rounder Records.
Concord Music Group’s releases are distributed throughout the world by Universal Music Group and are regularly licensed for use in major motion pictures, television and advertising.  In March of 2013, Wood Creek Capital Management, LLC acquired Concord Music Group in partnership with an individual investor group that includes members of Concord's senior management. As an investment manager at the forefront of intellectual property investing, the confidence in Concord underscores Wood Creek’s belief in the lasting and appreciating value of great music content around the globe.

About Tom Whalley:
Best known for his extensive A&R and artist development experience and proven track record of discovering hit artists, Tom Whalley began his career in the Warner Bros. Records mailroom before working his way into the label's A&R department. At Warner Bros., Whalley had early success with '80's superstars Modern English and The Cure. He later joined Capitol Records as Head of A&R, where he worked with many of the label's most important acts including Bonnie Raitt, Poison, Crowded House, the Beastie Boys, and MC Hammer. After Capitol, Mr. Whalley helped launch Interscope Records, eventually serving as President of the label. During his tenure at Interscope, Mr. Whalley signed such seminal artists as Tupac Shakur, Nine Inch Nails, Wallflowers, Limp Bizkit, Four Non Blondes, Helmet, Primus, and Smash Mouth. In 2001, he returned to Warner Bros. Records as Chairman and Chief Executive Officer, where he signed a slew of chart-topping artists including Michael Buble, The White Stripes, Muse, My Chemical Romance, Avenged Sevenfold, Big & Rich, Jason Derulo and Damien Rice, among many others. Mr. Whalley's innovative integration of technology into marketing and promotion ignited the careers of Josh Groban and Linkin Park around the world and bolstered the careers of Madonna, Neil Young, Eric Clapton, Fleetwood Mac, and Tom Petty. His commitment to artist development ensured massive worldwide success for international stars Metallica, Green Day, Red Hot Chili Peppers, R.E.M., Seal, Linkin Park, Josh Groban, Enya, and Faith Hill.

Black Friday