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Concord Acquires Stem Distribution to Boost Indie Artist Services
Concord agrees to acquire Stem Distribution, a 10-year-old independent digital distribution company -- in a boost to its artist services offerings.
Stem is a distribution company and payment platform that has worked with artists like Brent Faiyaz, Chappell Roan, Julia Michaels and Mk.gee. “Concord’s capital, comprehensive global label services and strategic expertise across recorded music will immediately strengthen Stem’s offering,” stated Graziani. Stem received financial advice from Raine Group, and outside legal counsel from Rachel Totten and Natalie Martirossian of Goodwin Procter, Sarah Graham from Gibson-Dunn and Laxmi Vijaysankar at Serling Rooks Hunter McKoy Worob & Averill.
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