The Beverly Hills based indie label Concord Bicycle Music has purchased Fearless Records, along with the remainder of Wind-up Records back catalog, giving the label more than $140 million more to it’s annual revenue, according to Billboard. This is another move from the company to the recent acquisitions it has done like Vanguard Records and Sugar Hill Records this past April.
The acquisition includes approximately 150 albums from Fearless’ catalog by Plain White T’s, At The Drive-In, Bigwig, The Aquabats, and Sugarcult, while its current artist roster includes Pierce The Veil, Breathe Carolina, The Maine, Mayday Parade, The Word Alive, Motionless In White, Alesana, and Every Avenue and about 25-30 albums from Wind-up which includes Aranda, Civil Twilight, Filter, Five for Fighting, Genevieve, James Durbin, Jillette Johnson, Scott Stapp, Strange Talk, the Darkness, the Griswolds, the Virginmarys, Young Guns, Crobot and the Revivalists to Concord’s 10,000 albums and a music publishing catalog.
Fearless’ founder and president Bob Becker comments:
“I believe this deal is right for our artists, our staff and brand and will only make things better for our company to do better things across the board. Fearless has had many opportunities to be acquired by larger companies over the years and it had never seemed like the right fit, until now.”
Fearless is scheduled to release 15 more records this year, including Pierce the Veil’s follow-up to Collide with the Sky released in 2012.