Concord Music Publishing has unveiled a new acquisition, and with it, a merger.
The publisher has confirmed the acquisition Sikorski Music Publishing Group.
Sikorski serves as the custodian Russian and Soviet-era classical copyrights. These include the rights to works from composers Dmitri Shostakovich, Sergei Prokieff, Aram Khachaturian, Dmitri Kabalevsky, and Alfred Schnittke. Sikorski also has ongoing relationships with active composers, such as Sia Gubaidulina, Giya Kancheli, and Lera Auerbach.
Financial terms the acquisition remain undisclosed.
Under the acquisition agreement, Sikorski, the German-based publisher, will join Concord Music Publishing. Concord will merge the German company with longtime UK classical publisher Boosey & Hawkes. The latter also serves as a custodian 20th-century copyrights, including contemporary composers.
Like Sikorski, Boosey & Hawkes has also promoted works in the West. Currently, the German-based publisher remains active in promoting its classical copyrights as well as engaging with composers. They write chamber music, orchestral music, operas, ballets, and music for children.
Unveiling the company’s long-term strategy into the classical copyright business, Concord Music’s Sikorski acquisition and subsequent merger will grow its presence in Europe. The German publisher will also take advantage Concord’s sync and marketing network.
Speaking about the merger, John Minch, the long-term head Boosey & Hawkes as well as the President Concord Music Publishing Europe, explained,
“The union Boosey & Hawkes and Sikorski under the Concord family companies is a real signal to the continued value classical repertoire.
“Concord is now at a moment to bring further investment and commitment to not only these evergreen catalogs, but the next generation composers and the wider classical sector too.”
Glen Barros, Concord’s Chief Operating Officer, added,
“This acquisition is important to us on many levels. In addition to adding an amazing collection compatible works to the publishing side our company, it’s a big step toward the fulfillment key strategic goals.
“Namely, we very much believe in the market for classical music and plan to further expand our presence in this genre.”
Featured image by Concord Music Publishing.