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Stem Distribution Sold to Concord Music for $90 Million-Plus
As expected, Concord, the independent music company, has added Stem Distribution to its portfolio. Sources say the deal was in the $90 million range.
Concord CEO Bob Valentine added, “Milana and her team have spent a decade creating a company that provides immense value to both artists and labels. We’ve built a platform that has consistently launched the hottest artists in the world by assembling the right components—discerning taste, cutting-edge financial tools, seamless distribution, bespoke marketing strategies and high-touch creative services. Bob, Tom, Vic, and the Concord team have built an incredibly impressive, durable business across multiple facets of the industry and we are honored to be their selected partner as they enter the rapidly growing and sought-after distribution space.
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