Music Industry Land Grab Continues — Concord Acquires Victory In Estimated $30MM Deal

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photo: skeeze

The recent acquisition of Victory Records by Concord, an independent music company based in Beverly Hills, is a significant development in the music industry. This acquisition includes about 4,500 master recordings and 3,500 compositions, as well as the Victory name and the company’s well-known bulldog logo. The deal is estimated to be worth around $30m, a significant sum for a label that began with just $1,000 and an ambitious founder.

Victory Records was founded in 1989 by Tony Brummel, who started the label in Chicago and expanded it over the years to encompass multiple related genres, including punk and hardcore. The label has a vast catalogue of hundreds of bands, and the company also has a publishing arm, Another Victory Publishing. Brummel’s vision and passion for music helped him create a successful label that has become a staple in the punk and rock genre.

Despite the acquisition, Brummel has stated that the entire Victory team will remain intact. He said, “Victory and Another Victory’s great catalog of music and songs will be in caring and fantastic hands going forward.” He also added that “we’ve had a great run, and with Concord, it will only continue. My team at Victory will be remaining intact as we embark, going forward, on our new and existing business journeys.”

The acquisition of Victory Records by Concord highlights the growing consolidation in the music industry. In recent years, several major labels have merged, and independent labels have also been acquired by larger companies. With streaming music services becoming more popular, the music industry is changing rapidly, and companies like Concord are looking to capitalize on this shift.

Concord has been on a shopping spree in recent years, acquiring several independent labels. The company already boasts a collection of 16,000 albums and 390,000 compositions, with offices in Los Angeles, New York, Nashville, London, Berlin, and Miami. Concord is quickly becoming a significant player in the music industry, with growing recording and publishing collections, among other divisions.

The acquisition of Victory Records is part of Concord’s business strategy and goal to be the best home for independent labels. The company is excited to work with the Victory team and build upon the great legacy that Tony Brummel has created. Concord CEO Scott Pascucci said, “Victory is a great addition to Concord’s portfolio of independent music assets. This acquisition complements our business strategy, and we are excited to work with the Victory team and build upon the great legacy that Tony has created.”

The acquisition of Victory Records by Concord is a significant development in the music industry. The deal highlights the growing consolidation in the industry, and it will be interesting to see how Concord integrates the label into its existing portfolio. For Tony Brummel, the founder of Victory Records, it’s a fitting end to a thirty-year journey that began with just $1,000 and a dream. Brummel’s passion and tireless work helped him create a successful label that has become a staple in the punk and rock genre, and the acquisition by Concord is a testament to his vision and hard work.

In conclusion, the acquisition of Victory Records by Concord is a significant development in the music industry. The deal highlights the growing consolidation in the industry, and it will be interesting to see how Concord integrates the label into its existing portfolio. The acquisition is a testament to Tony Brummel’s vision and hard work, and it’s a fitting end to a thirty-year journey that began with just $1,000 and a dream.

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