Concord plans to release deluxe reissues of the classic Warner albums (from Green to Up), with bonus material, on its Concord imprint.
R.E.M. has entered into a multi-year, worldwide licensing agreement with Concord Bicycle Music for the Rock and Roll Hall of Fame inductee's catalog recorded from 1988 to 2011.
The deal covers the years R.E.M. recorded for Warner Bros. The group's pact with the Burbank-based label expires at the end of the year and the Concord deal begins in early 2016. Among the albums under the new agreement are Green, Out of Time, Automatic For the People, Monster, New Adventures in Hi-Fi, and Up. Worldwide sales for these albums tally in excess of 85 million albums, according to Concord.
"The band and all at REMHQ [CQ] are very happy to be joining with Concord Bicycle Music for this next phase of curating and extending R.E.M.'s recorded legacy," said longtime R.E.M. manager Bertis Downs in a statement. "The albums covered by this agreement are some of the band's most successful, both artistically and commercially, and we know the people at Concord share our enthusiasm about this partnership. We leave the Warner Bros. family, a great label where we are certainly grateful for some of our career highlights. But moving forward, we knew this was the right time to change it up and Concord is the right home for this key part of R.E.M.'s catalog."