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Label News (more headlines) 07-04-2014

Tom Whalley's Loma Vista Recordings And Concord Music Group Announce Strategic Partnership

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Concord Music Group is pleased to announce that it has entered into a new multi-year, worldwide strategic partnership with Tom Whalley and his Loma Vista Recordings label. Under the terms of the agreement, Concord will provide funding for new talent relationships and artist development, as well as comprehensive label services for Loma Vista's remarkable current and future artist roster.

Formed in 2012 by Tom Whalley's Seven Four Ent. in partnership with Republic Records, Loma Vista Recordings has released albums by prestigious artists including St. Vincent, Little Dragon, Rhye, Birds of Tokyo, Cut Copy, Ghost BC, Manchester Orchestra, Soundgarden, Papa, and the GRAMMY™-nominated Django Unchained Soundtrack. Spoon, the latest addition to the Loma Vista Recordings family, will release their new album, They Want My Soul on August 5th, 2014.

"Over the course of two years, we have built a roster full of my favorite artists making music today. Concord is an ideal partner because they share our sense of independence and core values in how you create and expose music to fans around the world," said Tom Whalley. "And in expanding our relationship with Universal Music Group, our artists continue to be supported by the best distribution, marketing and promotion people in the business."
Scott Pascucci, Managing Director of Concord Music Group said, "Tom is one of the truly exceptional executives in the music industry, and we are honored to have an opportunity to work with him and the entire Loma Vista team. Together we'll look to build on the great foundation that Tom has created and foster a nurturing environment for all Loma Vista artists, while producing long-term value for our employees and investors."

Glen Barros, Concord's President & CEO stated, "Tom Whalley, along with his experienced team and dynamic artist roster, bring an exciting new dimension to Concord that aligns perfectly with our vision for the company. We welcome complementary opportunities such as this and believe that this partnership will yield great results for all involved."
Lucian Grainge, Chairman and CEO of Universal Music Group said, "Loma Vista and Concord are ideal partners, both creatively and culturally, and we're thrilled that as a partner ourselves to both of them, UMG can renew and extend our relationship with Tom and build upon our collaboration with Scott, Glen and the great team at Concord."

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