Concord Bicycle Music Invests In Razor & Tie For New Enterprises
September 30, 2015 at 3:39 PM (PT)
CONCORD BICYCLE MUSIC, CLIFF CHENFELD and CRAIG BALSAM have launched RAZOR & TIE ENTERPRISES LLC after CONCORD BICYCLE MUSIC acquired a significant stake in the new company. CONCORD BICYCLE will administer RAZOR & TIE MUSIC PUBLISHING, provide strategic resources and support the further expansion of the KIDZ BOP brand through both its publishing division, BICYCLE MUSIC, and its recorded music division, CONCORD MUSIC GROUP.
RAZOR & TIE Founders CLIFF CHENFELD and CRAIG BALSAM will continue as co-CEOs of the new company.
"I have known and respected CLIFF and CRAIG for almost 25 years," CONCORD BICYCLE MUSIC CEO SCOTT PASCUCCI said. "They have shown remarkable focus and creativity in building RAZOR & TIE into the company that it is today. We are excited to be their partner as they continue to grow and expand the company."
"We are thrilled about our new venture with Scott and his outstanding team at CONCORD BICYCLE MUSIC," CLIFF CHENFELD and CRAIG BALSAM stated. "This partnership maintains our independence and autonomy and provides us with the strategic support necessary to take RAZOR & TIE and KIDZ BOP to a completely different level. We are energized and ready for the challenge."