Imagem Music, a music publishing company, has just been acquired by Concord Bicycle Music.
Set up in 2008 by Dutch pension fund ABP, Imagem was initially intended to buy catalogs that Universal Music had to offload due to European regulators. The copyrights include both contemporary and classical music and theatrical songs, as well.
Complete Music Update reports:
The combined Imagem catalogue totals 250,000, bumping the number of works now controlled by Concord Bicycle to 380,000.
Concord Bicycle CEO Scott Pascucci said “These are precious copyrights – they represent some of the best music ever created and we are proud to have an opportunity to represent them to the world. I want to thank the ABP for believing and supporting us in creating such a successful and leading worldwide music publishing company in the shortest time ever in history.