The Bicycle Music Company Acquires Wind-up Records Catalog
November 1, 2013
The Bicycle Music Company announces the acquisition of the master recording rights from the Wind-up Records catalog. Concurrently, Concord Music Group has entered into an arrangement to provide comprehensive label services for Bicycle Music's recordings.
The catalog includes all Wind-up master recordings and multimedia from Creed, Drowning Pool, Evanescence, Finger Eleven, Seether and many more artists. In addition to the catalog, the deal includes rights to new studio albums by many of these artists.
Wind-up CEO/President Ed Vetri explains, "Today is a great day for Wind-Up and our amazing group of artists. Our roster of platinum, multi-platinum and diamond artists will now be able to call Concord and Bicycle their new home. I am confident with the experience of their staffs and scale of the combined companies our artists will find continued growth and achieve even greater levels of success. The future of Wind-up is diverse, exciting and strong. We continue to build our strength as an artist-driven independent label with our growing roster of amazing new talent with the goal of developing career artists."
Bicycle and Concord are associated companies, sharing a number of common investors. On behalf of the companies, Board of Directors Chairman Steve Smith comments, "With our investments in both Bicycle and Concord, we have demonstrated the resources and the willpower to create an entirely new, best of breed independent music publishing + recording company."
Smith elaborates, "Bicycle's Steven Salm sourced and worked this opportunity to successful conclusion with Ed Vetri of Wind-up and Brian Richards of MESA Global. Concord label management, under the direction of Glen Barros and Scott Pascucci, will execute all aspects of ongoing label services and market development for this great catalog. Bicycle's Jake Wisely, Roger Miller and Steven Salm will manage the investment on behalf of our shareholders. And the teams will collaborate to develop new opportunities for each of these talented recording artists, whose works are essential additions to our Bicycle + Concord library."
Concord’s CEO Glen Barros adds, "All of us at Concord are proud to be associated with these great artists and extraordinary catalog of music. Wind-up’s artists have been responsible for some of the signature rock recordings of the past two decades. We intend to make sure that this great music reaches the widest possible audience for many years to come."
Bicycle’s Co-President Steven Salm says, "The acquisition of Wind-up's seminal catalog marks a record high investment year for The Bicycle Music Company, with more to come before 2013 closes out. On behalf of my colleagues and investors, we are grateful Ed and his team chose us to represent these tremendously important alternative rock artists and records."