An affiliate of Concord has acquired 145,000 copyrights from New York-headquartered Downtown. This portfolio constitutes Downtown’s entire owned and/or co-published music catalog, and takes Concord’s owned and controlled music assets to over 600,000 works. As part of the transaction, Downtown will continue to manage global royalty collection for the affected copyrights through the end of 2021.
Source: Concord buys Downtown’s owned music copyright catalog for around $400m