Concord Acquires Daddy Yankee's Music Catalog for $217.3 Million, Expands Latin Music Portfolio
Concord has officially confirmed the acquisition of Daddy Yankee's catalog for $217.3 million, marking a significant investment in Latin music assets.
Daddy Yankee singing at concert
The deal includes Daddy Yankee's publishing catalog, masters, and certain name, image, and likeness rights from 2002 through 2019. This period encompasses five studio albums, starting with El Cangri.com (2002), and numerous successful non-album singles.
Concord CEO Bob Valentine emphasized Daddy Yankee's pioneering role in reggaeton and pop music, stating the company's excitement to help preserve and build upon the artist's cultural legacy.
Key Deal Points:
- Purchase price: $217.3 million
- Time period covered: 2002-2019
- Rights included: Publishing, masters, name, image, and likeness
- Management: Catalog will be managed from Concord's Miami office
Looking ahead, Concord plans to continue acquiring Latin music content, capitalizing on the genre's significant growth in major markets including Brazil, Mexico, and Argentina. This strategic move aligns with recent RIAA data showing record-breaking revenue for Latin music in the U.S.
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