The Mojo catalog spans nine decades and comprises more than 30,000 songs including 89 Billboard No.1 hits, adding what Concord says is “a remarkable selection of music” to its publishing portfolio of 800,000 songs.
The company says that the deal “further highlights Concord’s continued strategic growth”.
Today’s news arrives a week-and-a-half after we reported that Alchemy Copyrights, LLC, trading as Concord, has agreed terms on a deal whereby it will acquire the entirety of Round Hill Music Royalty Fund (RHM) – the UK-listed fund operated by Round Hill Music.
The deal values the entire issued and to-be-issued share capital of RHM – which currently trades on the London Stock Exchange – at approximately USD $468.8 million, the two companies said in an announcement on September 8.