.ConcordMusicPub has acquired a majority stake in Pulse Music Group for a reported $100 million.
Concord Music Publishing and Pulse Music Group today announced “an exclusive joint venture music publishing business.” Concord, which acquired Fujipacific Music’s global stake in Pulse for a sum Music Business Worldwide says was $100 million, will administer the catalog and all future signings from Pulse.
According to the announcement, “The joint venture will capitalize PULSE Music Group’s continued expansion and increase its ability to invest in the brightest talent supported by Concord’s global administration platform.” “Scott and Josh are proven winners whose business built from scratch is both complementary to and strategic with Concord’s ambitions in music publishing,” said Concord Chief Publishing Executive, Jake Wisely. “It was quickly apparent that Pulse would make a great partner for us and Pulse recognized that Concord is the best fit for them. I’m also grateful to do business with longtime friend and colleague Ichi Asatsuma of Fujipacific.
Named the 2018 AIMP Music Publisher of the Year, Pulse has a catalog of more than 10,000 songs and 175 active clients. Its catalog includes the smashes “Havana” by Camila Cabello and “Girls Like You” by Maroon 5 , “Despacito ” by Luis Fonsi and Justin Bieber , “Sorry” by Justin Bieber , “Roar” and “California Gurls” by Katy Perry and “Sicko Mode” by Travis Scott .
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