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Inside Concord’s $217 Million Daddy Yankee Catalog Acquisition

Concord acquired parts of the music publishing and recorded music catalog of reggaetón star Daddy Yankee in a deal worth an estimated $217 million.

1 on Billboard’s Top Latin Albums chart in 2004, sold this portion of his catalog several years ago to a fund that asked not to be named. “We can then create value for the artist, for our shareholders, for our debt holders, for our pension holders—all the people who are somehow invested in that effort,” Valentine said, speaking at the Mondo.NYC conference in Brooklyn. Concord financed the acquisition of Daddy Yankee’s works by issuing a third round of asset backed security notes that were priced this week that bring its total ABS to $2.6 billion.

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