Victory Records Acquired by Concord Music

According to a published report from Billboard,Concord, the purveyor and manager of indie music labels across a spectrum of genres has acquired Victory Records, the long-running Chicago-based punk and emo label founded by Tony Brummel in 1989. As part of the deal, Concord has also acquired Brummel’s Another Victory Publishing catalog. The acquisition includes approximately 4,500 master recordings and 3,500 compositions. Terms of the deal weren’t disclosed, but Billboard estimates Concord paid somewhere in the range of $27 million-$34 million for the Victory company. Victory also owns its own merchandising arm and warehouse, but no word yet on whether the deal covers those assets too. Continue reading