Concord Bicycle Music, Andrew Lloyd Webber Form The Musical Company

Concord Bicycle Music-Really Useful Group

CONCORD BICYCLE MUSIC and ANDREW LLOYD WEBBER's THE REALLY USEFUL GROUP have joined forces to form THE MUSICAL COMPANY to provide services to the creators of musical theater works. Operating from offices in LONDON and NEW YORK, TMC will be co-owned by LLOYD WEBBER, CONCORD BICYCLE MUSIC and THE REALLY USEFUL GROUP. BARRON INTERNATIONAL GROUP Chairman/CEO LISBETH R. BARRON was the exclusive financial advisor on this partnership.

SEAN PATRICK FLAHAVEN has been named the new company's CEO, starting OCTOBER 3rd. For the past eight years, FLAHAVEN has been WARNER/CHAPPELL MUSIC's SVP Theatre And Catalog Development. He has produced nine albums nominated for GRAMMY AWARDS -- including this year's GRAMMY-winning, Platinum-selling, chart-topping "Hamilton" original cast recording.  Prior to WARNER, he was a producer, music director, orchestrator, composer, playwright, and professional and amateur licensing executive.

THE REALLY USEFUL GROUP has appointed TMC as exclusive agent to manage professional and amateur performance licensing of the works jointly owned by ANDREW LLOYD WEBBER and TIM RICE -- "Joseph And The Technicolor Dreamcoat," "Jesus Christ Superstar" and "Evita" plus LLOYD WEBBER's solo repertoire including "The Phantom Of The Opera," "Cats," "School Of Rock," "Starlight Express," and "Sunset Boulevard."

BICYCLE MUSIC COMPANY CEO JAKE WISELY and the publishing team will also manage and administer LLOYD WEBBER's original song portfolio worldwide, including "Memory," "The Music Of The Night," "All I Ask Of You," "The Phantom Of The Opera," "Think Of Me," "Pie Jesus," "Love Changes Everything" and more.

CONCORD BICYCLE MUSIC has also named TMC as the manager of its interests in the works of the late MARVIN HAMLISCH, including songs, film scores and the musicals "A Chorus Line," "They're Playing Our Song," "The Goodbye Girl" and "Sweet Smell of Success."

Commented CONCORD BICYCLE MUSIC Chairman STEVE SMITH: "TMC enters the market with a unique and superior skillset in support of musical theatre creators: professional and amateur licensing, music publishing and original cast recording. Exceptionally well-capitalized. Asset rich. Under one roof. Worldwide. And determined to both create new opportunities for, and preserve long-term value of the works of its affiliated writers and rights holders."

Added LLOYD WEBBER: "STEVE SMITH and his team at CONCORD BICYCLE MUSIC have distinguished themselves as both proactive advocates for creators, and quality stewards of artistic legacy.  We are extremely enthusiastic about collaborating with them to create an exceptional, multi-disciplinary theatrical music rights management company."

Said FLAHAVEN: "I am excited and honored to be leading an exciting new venture with unique, unparalleled service for both established and next generation musical theatre writers. Starting with these iconic catalogs and the support of ANDREW, RUG and CBM gives us a terrific base from which to actively seek new talent."

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