Concord Buys Telarc
On December 19, the Concord Music Group announced its acquisition of Telarc International Corporation, which includes the venerable audiophile label Telarc and the instrumental jazz and world music label Heads Up. Concord already owned many formerly independent labels such as Peak, Playboy Jazz, Stretch, and Concord Picante; in 2004, it acquired Fantasy Records, which encompassed Milestone, Pablo, Prestige/New Jazz, Riverside/Jazzland, Stax/Volt/Enterprise, Specialty, Takoma, and others.