About Concord Music Group
In 2004 Concord Records acquired Fantasy, Inc., owner of Prestige, Fantasy, Milestone, Riverside, Specialty and Stax Records. Concord then combined with Fantasy to form the independent Concord Music Group. That same year, Concord first partnered with Starbucks to release Ray Charles’s Genius Loves Company – which won 8 Grammy Awards, including Album of the Year. 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.
On March 12, 2007, Concord Music Group and Starbucks jointly founded the Hear Music label. Hear Music’s initial release, Paul McCartney’s Memory Almost Full, was released in June of ‘07. Hear Music has since released albums by artists that include Paul McCartney, Joni Mitchell, James Taylor, John Mellencamp and more. In 2008, Village Roadshow Pictures Group (VRPG) and Concord completed their merger resulting in the creation of the new diversified entertainment group, Village Roadshow Entertainment Group. In April 2010 it was announced Paul McCartney has transferred distribution rights to his post-Beatles output to Concord from EMI.
Concord purchased Rounder Records in 2010. Distribution is mainly handled by Universal Music Group. In smaller markets, such as those in Africa and Eastern Europe, local independent labels that represent Universal license the catalogue. 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 group in the world.