Gibson Dunn Advises on the Sale of Stem Distribution to Concord Music Group.

Concord Music Group, the global leader in independent music, has acquired Stem Distribution in a significant move within the industry.

This acquisition integrates Stem's innovative platform, which supports independent artists and labels, into Concord’s expanding portfolio.

Stem will operate as a distinct division within Concord Label Group, with its current leadership team, including CEO Milana Lewis and President Kristin Graziani, continuing to lead the company.

What Stem Distribution Offers Independent Artists

Founded by Milana Lewis and Kristin Graziani, Stem Distribution has been a game-changer for independent artists, offering a range of services designed to support their unique needs.

From personalized music distribution and digital strategies to data-driven insights and playlisting services, Stem empowers artists to retain full control of their music while ensuring maximum exposure and growth. Stem’s platform has been instrumental in helping independent musicians thrive in an increasingly competitive industry.

Concord’s Vision for Independent Music

Concord’s acquisition of Stem Distribution demonstrates the company's ongoing commitment to supporting independent artists.

Tom Becci, Chief Executive of Concord Label Group, emphasized that the indie music community is essential for the future of the music industry.

He stated, “Our investment in Stem will equip them with the tools necessary to deliver first-class service across the globe while further modernizing the indie music landscape.” Concord’s focus on enhancing the success of independent artists aligns with its broader strategy of creating long-term growth in the sector.

A New Chapter for Stem: Expansion, Not Exit

For Milana Lewis, Stem’s founder and CEO, the acquisition represents a major opportunity for growth, not an exit.

Lewis stated, “This isn’t an exit—it’s an expansion. We’re doubling down on raising the standard for independent artists and proving what’s possible when they have the right support behind them.” By joining Concord, Stem gains access to greater resources, expertise, and a global team that will help the platform scale its impact.

Kristin Graziani, Stem’s President, echoed this sentiment, highlighting the added strength of Concord’s capital, global label services, and strategic expertise. She believes the partnership will enable Stem to continue delivering on its promise to empower independent artists and labels, further elevating the company’s industry presence.

Stem and Concord’s Impact on the Music Industry

The acquisition of Stem Distribution by Concord Music Group signals an exciting chapter for both companies and the independent music community. By joining forces, Stem and Concord are poised to make a significant impact on the future of independent music.

The integration will strengthen Stem’s ability to offer unparalleled services to artists and labels while benefiting from Concord’s extensive resources and expertise. This strategic partnership reinforces the evolving landscape of the music industry, where independence and creativity remain at the forefront.

Together, Stem and Concord are setting the stage for the next wave of growth and innovation in the independent music sector.

Gibson Dunn, the renowned global law firm, represented the founders of Stem Distribution—Milana Rabkin Lewis and Kristin Graziani—during the sale. The legal team, led by partner Sarah Graham, also included partner Taylor Hathaway-Zepeda and associate Christopher Lee.

In addition, Sean Feller provided legal counsel on benefits. Their guidance was crucial in navigating the complexities of the acquisition, ensuring the deal aligned with the founders’ goals for Stem’s future.

Gibson, Dunn & Crutcher LLP is a prominent global law firm headquartered in Los Angeles, California. With a reputation for providing exceptional legal services to clients across various industries, the firm was founded in 1890 and operates more than 20 offices worldwide. Gibson Dunn offers expertise in areas such as corporate law, litigation, real estate, and regulatory matters. Known for its commitment to excellence, the firm represents multinational corporations, governments, and individuals, delivering innovative solutions to complex legal challenges. The firm is recognised for its strong focus on client relationships and its deep industry knowledge.

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