83
SCOTT PASCUCCI, 59
CEO, Concord Music
STEVE SMITH, 63
Chairman, Concord Music
Last Year’s Rank: 81
$600 MILLION GROWTH STRATEGY: In addition to sales of approximately 12 million albums on its various labels, Concord Music acquired publishing giant Imagem for nearly $600 million in June, giving it control of the Rodgers & Hammerstein and Boosey & Hawkes catalogs, adding 250,000 copyrights to its own. Billboard estimates the deal, in which Smith played a leading role, made the Concord Music publishing division, run by Jake Wisely, the sixth-largest publisher in the world.
BALANCED DIET: Pascucci says the Imagem acquisition “gave us a lot more scope, a lot more stability,” and balanced company revenue “at about 50-50 recorded music versus publishing.”
