AEG's Production Unit Bounce and Concord Bicycle Music Announce Strategic Partnership
AEG’s Production Unit Bounce and Concord Bicycle Music
Announce Strategic Partnership
FOR IMMEDIATE RELEASE - LOS ANGELES, CA - May 10th, 2016 – AEG has sold an equity interest in its live event production unit, Bounce toConcord Bicycle Music (“CBM”) it was announced by Tim Swift, CEO, Bounce, who will remain as CEO of the joint venture.
Through this newly formed creative alliance, Bounce will continue its core business of providing production services to corporate, music-industry and broadcast clients, while also focusing on creating new content and events with AEG and CBM as well as unaffiliated clients. Utilizing AEG's global reach and CBM's extensive music and artist portfolio,Bounce will now have greater opportunity to produce and distribute content through both live events and broadcast channels while developing new platforms for CBM’s artists in addition to designing unique experiences for brands and consumers.
“Bounce has established a reputation for producing high-quality events for clients such as MusiCares, PBS, Rolex, and Chanel,” said Tim Swift, CEO, Bounce. “This new alliance allows us to move beyond a traditional client-vendor relationship, and truly become content partners.”
It is anticipated that under the new structure, new broadcast and other media opportunities can be developed to benefit both Bounce clients and CBM artists. Bounce and AEG have successfully collaborated on past projects featuring artists on Concord labels including James Taylor, Paul McCartney and Carole King among others.
“We are very excited to be working with Bounce and AEG,” said Scott Pascucci, CEO, CBM. “Our strategic partnership will give Concord Bicycle Music new opportunities to serve our artists and extend our reach into high-profile events and broadcast programming.”
AEG will maintain a controlling interest of the company’s Board, which will be comprised of three members designated by AEG, in addition to Swift, and two members designated by CBM.
Bounce Event Marketing, LLC (“Bounce”) is an award-winning live event and broadcast production division of AEG, the world’s leading sports and live entertainment company. Bounce has produced one-of-a-kind live events including the annual MusiCares Person of the Year special during Grammy Week, The National Christmas Tree Lighting, and Gershwin Prize for Popular Song. The Bounce team also specializes in brand integration and marketing – working with high-end luxury firms on launching and maintaining their overall brand status. Bounce creates unforgettable, incomparable live events of every type and scale. From corporate shows and galas, to live television and concert specials, to product launches and consumer marketing events, Bounce events are known to generate buzz and create a lasting impact. Tim Swift is founder and CEO. More information about Bounce is available at www.bounceaeg.com.
About Concord Bicycle Music:
Concord Bicycle Music is one of the largest independent, fully integrated recorded music and publishing companies in the world.With offices in Beverly Hills, New York, Nashville and Cleveland, Concord Bicycle Music is comprised of Concord Music Group and The Bicycle Music Company. Concord Music Group primarily manages the company's recorded music activities, while The Bicycle Music Company oversees publishing and rights management.
Concord Bicycle Music's portfolio of more than 10,000 active album recordings includes at least 369 RIAA certified gold, platinum, or multi-platinum releases. Concord Bicycle Music's songbook includes over 55,000 copyrighted works and more than 750 Billboard® chart hits.
The company's celebrated family of labels includes Bicycle, Concord, Fantasy, Fearless, Hear Music, HighTone, Kidz Bop, Loma Vista, Milestone, Nitro, Prestige, Razor & Tie, Riverside, Rounder, Specialty, Stax, Sugar Hill, Telarc, Vanguard, Vee-Jay and Wind-up. More information about Concord Bicycle Music can be found at www.concordbicycle.com
Headquartered in Los Angeles, California, AEG is the world’s leading sports and live entertainment company. With offices on five continents, AEG operates in the following business segments: AEG Facilities, which owns, manages or consults with more than 120 preeminent arenas, stadiums, theaters, clubs and convention centers around the world including The O2 Arena, the Sprint Center and the Mercedes-Benz Arenas; AEG Live, which is dedicated to all aspects of live contemporary music performances, including producing and promoting global and regional concert tours, music and special events and world-renowned festivals; AEG Real Estate, which develops world-class venues, as well as major sports and entertainment districts like STAPLES Center and L.A. LIVE; AEG Sports, which is the world’s largest operator of sports franchises and high-profile sporting events; and AEG Global Partnerships, which oversees worldwide sales and servicing of sponsorships including naming rights, premium seating and other strategic partnerships. Through its worldwide network of venues, portfolio of powerful sports and music brands, AXS.com ticketing platform, AXS cable television channel and its integrated entertainment districts, AEG entertains more than 100 million guests annually. More information about AEG can be found at www.aegworldwide.com.
Contacts: Michael Roth, AEG Joel Amsterdam, CBM
(213) 742-7155 (310) 385-4206