McDermott Represents Downtown Music Holdings in the Sale of its Music Catalogue to Concord
International law firm McDermott Will & Emery represented Downtown Music Holdings (Downtown), a premier music publishing partner for songwriters, storied music catalogues and emerging artists, in the sale of its music catalogue to Concord, an independent worldwide leader in the development, management and acquisition of sound recordings, music publishing and theatrical performance rights. This deal combines two of the largest independent music catalogues in the world.
This transaction was announced on April 26, 2021.
McDermott Will & Emery acted as legal counsel to Downtown.
Raine Group acted as financial advisor to Downtown.
The copyrights included in the transaction were developed or acquired by Downtown over the past 14 years and bring Concord’s owned and controlled music assets to over 600,000 works.
As part of the transaction, Downtown will continue to manage the global royalty collection for the affected copyrights through the end of 2021.
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