Concord Music Publishing and Pulse Music Group announce exclusive A&R-driven joint venture07 January 2020 - Press release
Concord Music Publishing and PULSE Music Group have announced a partnership, forming an exclusive joint venture music publishing business. Having acquired Fujipacific Music’s global stake, Concord will administer thecatalog and all future signings from PULSE. This A&R focused collaboration affirms Concord’s commitment to both proven and frontline copyrights and PULSE Music Group’s continued dedication to signing and fostering world class songwriters. 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.
PULSE principals Scott Cutler and Josh Abraham, along with their executive team including Maria Egan, President, and Ashley Calhoun, Vice President, will run the joint venture. Concord will oversee administration. The collaboration of these leading independent music publishers brings Concord’s deep administrative and creative resources to PULSE’s roster of hitmakers which includes Starrah, Ty Dolla $ign, OZ, Tyler Johnson, YEBBA, Rich The Kid, James Blake, YBN Cordae, El-P, Bonnie McKee and more.
“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.”
Commented Steve Salm, Concord Chief Business Development Officer, "While the broader market remains hyper-focused on deep publishing catalog and passive income-stream deals, Concord has chosen to differentiate itself with partnerships that greatly expand its abilities to create frontline content across compositions, recordings andtheater. Recognized as one of the leading frontline publishers in the world, PULSE is a company that Concord has always greatly admired, and this collaboration instantly makes Concord a leader in the frontline pop, hip-hop and R&B publishing world."
“From Day 1, we built PULSE Music Group as a world class incubator for culturally relevant songs. We wanted to create a haven built by songwriters, for the modern songwriter culture. Through the hard work, A&R prowess, and passion of our entire team combined with the global footprint, financial capacity and administration expertise of the team at Concord, we are now well on our way to achieving that.” said Scott Cutler and Josh Abraham, Co-CEO’s of PULSE Music Group. “This joint venture with Jake, Steve, Bob, Scott and the team at Concord enables us to continue providing world-class services to our writers who are at the forefront of every decision we make.”
Named the 2018 AIMP Music Publisher of the Year, PULSE has a catalog of more than 10,000 songs and 175 active clients. Accolades include over 60 BMI and ASCAP awards and 250+ Gold & Platinum Certifications. The catalog includes the 7x Platinum hit “Havana” by Camila Cabello and “Girls Like You” by Maroon 5 (both co-written by Starrah) which spent a record-setting 36 weeks at #1 for the longest-running radio song in the 21st century, 10x Platinum “Despacito (Remix)” by Luis Fonsi and Justin Bieber (Marty James), 8x Platinum “Sorry” by Justin Bieber (BloodPop), 10x Platinum “Roar” and 8x Platinum “California Gurls” by Katy Perry (both Bonnie McKee) and “Sicko Mode” by Travis Scott (OZ) which became the first hip-hop song in history to spend 30 weeks in the Top 10 on the Hot 100.
Encompassing all of PULSE’s existing creative ventures, this exclusive partnership includes American Songs, the publishing entity founded by legendary music producer Rick Rubin; Magnus Media, the Latin entertainment company founded by international icon Marc Anthony; Creative Nation, the multiple award-winning and country chart dominating music publishing and management company created by Luke and Beth Laird; Wide Eyed Entertainment, the management and publishing company founded by BekaTischker; and BEAT HOUSE, the LA-based music agency founded by Tiffany Kumar.
Fujipacific will continue to sub-publish the PULSE catalog and new works in Japan, India and Southeast Asia (including China, Hong Kong, Macau, Taiwan, Singapore, Philippines, Indonesia, Malaysia, North Korea, South Korea, Vietnam, Cambodia, New Guinea, Myanmar, Sri Lanka, Borneo and Thailand). Music Asset Management will continue to administer the PULSE catalog and new works until July 2020.
The transaction was managed and negotiated for Concord by Steve Salm, Bob Valentine, Larry Blake, Dan Hoffman and Evelyn Paglinawan with outside counsel provided by Reed Smith and financial advisory by Brian Richards of Squarefield Capital. PULSE Music Group’s team was led by David Dunn and Robert Law of Shot Tower Capital and Jeffrey Light of Myman Greenspan Fox Rosenberg Mobasser Younger & Light LLP with counsel provided by Venable LLP.