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Rounder Records Sold To Concord Music Group

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The Concord Music Group has acquired the legendary independent label group Rounder Records. 

 The acquisition of Rounder's 3,000 masters combined with Concord Music Group’s catalog of more than 10,000 master recordings strengthens the labels status as one of the world’s most significant independent record companies. Rounder’s creative and marketing functions will continue to be based in Boston and its founders Ken Irwin, Bill  Nowlin and Marian Leighton Levy will remain eith the company in a creative and advisory capacity.

The company’s senior management will also remain in place: John Virant will continue as the President of Rounder; Sheri Sands will stay on as General Manager. Operating synergies will be achieved by combining the sales, administrative and support functions of the two companies.

Rounder, founded in 1970 by Cambridge folkies, Irwin, Nowlin, and Leighton Levy, has been at the center of nearly all of the American roots revivals. Celebrating its 40th year as the world’s leading American roots music label, has been a major force in a broad range of musical genres including bluegrass, Americana, singer-songwriter, Cajun & Zydeco and children’s music. Catalog and current artist roster include Alison Krauss,Mary Chapin Carpenter, Béla Fleck, Steve Martin, Madeleine Peyroux, Robert Plant, Raffi and country legend Willie Nelson, to name just a few.

(via CelebrityAccess)