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Business News Deals Labels & Publishers
Tom Whalley’s Loma Vista label forms alliance with Concord
By Chris Cooke | Published on Wednesday 2 July 2014
Loma Vista Recordings, the record label set up by former Warner Music exec Tom Whalley in 2012 via an alliance with Universal’s Republic Records, has announced a new partnership, this time with independent music group Concord.
Though as Universal handles distribution for Concord, the mega-major remains part of Whalley’s venture.
Since launching the label, Loma Vista has worked with the likes of St Vincent, Little Dragon, Cut Copy, Soundgarden and recent signings Spoon. Under the new deal, Concord will provide a range of label services to Whalley’s business, and also funding for new signings and talent development.
Confirming the new alliance, Whalley told CMU: “Over the course of two years, we have built a roster full of my favourite 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. 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”.
Meanwhile Concord Music Group MD Scott Pascucci added: “Tom is one of the truly exceptional executives in the music industry, and we are honoured 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”.
And giving the new arrangement the Universal seal of approval, the major’s top man Lucian Grainge mused: “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 and the great team at Concord”.