Concord Records Completes Acquisition of Fantasy, Inc.BEVERLY HILLS Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. , Calif. -- Concord Records Concord Records is a well-known U.S. jazz record label, based in Beverly Hills, California. Originally known as Concord Jazz, it was established in 1972 as an off-shoot of the Concord Jazz Festival in Concord, California by festival founder Carl Jefferson, a local , Inc.: --Two Companies Merge to Form the Concord Music Group Concord Music Group is a record company formed in 2004 by the merger of Concord Records and Fantasy Records. In 2005, the company acquired the classics and jazz label Telarc International. , Inc., a New Leader in Independent, Adult-Focused Recorded Music recorded music n → música grabada --Tailwind Capital Partners Partner with Norman Lear Norman Milton Lear (born July 27 1922 in New Haven, Connecticut) is an American television writer and producer who produced such popular sitcoms as All in the Family, Sanford and Son, One Day at a Time, The Jeffersons, Good Times and and Hal Gaba to Provide Equity Financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. Concord Records, Inc. and Fantasy, Inc. today announced that Concord has completed its acquisition of Fantasy and has merged the two companies to form a new entity called the Concord Music Group, Inc. Concord Records is a prominent 31-year-old, active record label focused on jazz, traditional pop and adult contemporary formats that is currently enjoying considerable success in 2004 with the multi-platinum release of Ray Charles' final recording, "Genius Loves Company" (in association with Starbucks Hear Music(TM)). Fantasy owns one of the world's largest and most prestigious catalogs of jazz, blues, R&B and rock music, including certain music publishing The contractual relationship between a songwriter or music composer and a music publisher, whereby the writer assigns part or all of his or her music copyrights to the publisher in exchange for the publisher's commercial exploitation of the music. assets and legendary recordings by John Coltrane, Creedence Clearwater Revival Creedence Clearwater Revival (commonly referred to by its initials CCR or simply as Creedence) was a southern rock American rock band, which consisted of John Fogerty (vocals, guitar, harmonica, piano), Tom Fogerty (guitar, vocals, piano), Stu Cook (bass guitar, , Miles Davis, Bill Evans, Ella Fitzgerald, Vince Guaraldi, Isaac Hayes, Little Richard, Albert King, Thelonious Monk, Joe Pass, Art Pepper, Otis Redding, Sonny Rollins and numerous others. Fantasy also owns and operates the world-class Fantasy Recording Studios in Berkeley, Calif. Following the merger, the Concord Music Group will be one of the foremost adult-focused recorded music companies in the world. As part of the transaction, Tailwind Capital Partners, a leading private equity investment firm focused on media and other growth sectors of the economy, provided new equity capital to the Concord Music Group. The existing owners of Concord Records, Norman Lear and Hal Gaba, remain substantial shareholders in the combined entity. Concord's management will also have a share of the new company. Ralph Kaffel, President of Fantasy, said, "During the negotiations and due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. process, we got to know the principals and key employees of Concord quite well, which re-affirmed the correctness of our initial judgment that Concord is the proper home for our catalogs. Having spent fifty years in the record business, 33 of them at Fantasy building up the catalogs, my primary concern as well as that of the other principals, was that the acquiring entity should have the proper understanding and respect for the treasure that we are turning over to them, and be willing to perpetuate the historical legacy these catalogs represent. With Norman, Hal, Glen Barros and all the other talented people now at the helm at the Concord Music Group, my colleagues and I are convinced the Fantasy catalog is in very good hands." Glen Barros, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at Concord, and now president and chief executive officer of the Concord Music Group, said, "I am incredibly honored to be in a position to help carry the Fantasy legacy into the future. I am so enthusiastic about this merger, about working with the talented professionals involved from both sides and the great opportunities for the combined companies going forward." Douglas M. Karp and Lawrence B. Sorrel, co-chief executive officers of Tailwind, said, "Concord Music Group targets an attractive, underserved niche with strong brands and an incredible catalog of content with proven value. Together, these two companies have considerable prospects for growth by exploiting complementary catalogs as well as to create substantial shareholder value through operational efficiencies. We look forward to working together with Norman, Hal, Glen and the rest of this world-class management team to realize that promise." ABOUT CONCORD Concord Records is widely regarded as one of the preeminent record companies in the industry today, committed to offering the adult music audience inspiring, innovative and high quality recordings of jazz and popular music. With a family of labels that now includes several partnerships and imprints (Peak Records, Stretch, Playboy Jazz, Concord Picante pi·can·te adj. 1. Prepared in such a way as to be spicy. 2. Having a sauce typically containing tomatoes, onions, peppers, and vinegar. and more), Concord has amassed a catalog of over 1,000 albums from such legendary artists as Ray Brown, Charlie Byrd, Rosemary Clooney, Herb Ellis, Stan Getz, Gene Harris, Tito Puente and Mel Torme, among others. The label's current roster of world-class vocal and instrumental artists includes: Karrin Allyson, Patti Austin, Regina Belle, Peter Cincotti, Michael Feinstein, Nnenna Freelon, Robben Ford, Latoya London, Marian McPartland, Barry Manilow, Ozomatli, Eddie Palmieri, The Rippingtons, Poncho Sanchez and Curtis Stigers. ABOUT FANTASY Fantasy, Inc. is home of one of the largest and most prestigious collections of jazz and blues music in the world. The label's first artist was Dave Brubeck, and recordings by Cal Tjader, Gerry Mulligan/Chet Baker, Vince Guaraldi (whose "A Charlie Brown Christmas" is a perennial seasonal best-seller), Mongo Mongo Any of several peoples living in the African equatorial forest. They speak a dialect of a common language, Mongo or Nkundo, which belongs to the Niger-Congo language family. Santamaria and John Lee Hooker soon followed. In 1968, just one year after Fantasy was purchased by Saul Zaentz, currently Fantasy's Chairman and a triple Academy Award-winning film producer, Creedence Clearwater Revival released its debut recording. Within 18 months, the band scored no fewer than 20 Hot 100 singles and nine consecutive top 10 singles in the U.S.; eventually they would become one of the most successful four-man rock n' roll bands of all time, earning at least 21 RIAA-certified gold or platinum records. Today, the Fantasy labels include Contemporary/Good Time Jazz, Debut, Fantasy, Galaxy, Kicking Mule, Milestone, Pablo, Prestige/New Jazz, Riverside/Jazzland, Stax/Volt/Enterprise, Specialty and Takoma. The company's publishing assets include the catalogs of Cireco Music, Composers Music, Contemporary Music, Jondora Music, Orpheum Music, Parker Music and Prestige Music. Fantasy's catalog of original soundtrack recordings includes music from the Academy Award winners for Best Picture "Amadeus," "The English Patient" and "One Flew Over the Cuckoo's Nest," as well as the original animated version of "The Lord of the Rings." ABOUT TAILWIND Tailwind Capital Partners is a private equity firm focused on the growth sectors of the economy, including media and communications, healthcare, technology, and business services. Tailwind manages Thomas Weisel Capital Partners L.P., a $1.3 billion private equity fund affiliated with investment banking firm Thomas Weisel Partners Thomas Weisel Partners Group, Inc. (NASDAQ: TWPG), often shortened to just TWP or TWeisel, is a U.S. middle-market and growth focused investment banking firm based in San Francisco, California. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , with backing from leading institutional investors. Tailwind's portfolio of over 25 companies includes NextMedia (radio broadcasting), Trover One of the old common-law Forms of Action; a legal remedy for conversion, or the wrongful appropriation of the plaintiff's Personal Property. Early in its history, the English Common Law recognized the rights of a person whose property was wrongfully held (or Solutions, Inc. (insurance services), Aircast Incorporated (orthopedic devices), Hospital Partners of America (hospital management) and Ion Systems (technology capital equipment). Tailwind's team of 15 dedicated investment professionals brings to bear an exceptional combination of private equity and operating experience and is headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and San Francisco. |
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