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|Concord Bicycle Music has purchased Fearless Records.|
According to sources, Concord Bicycle paid about $10 million for Fearless, which has about $15 million in annual revenue including a nice merchandising business and a small publishing catalog. The label's catalog including albums by Plain White T's, At The Drive-In, Bigwig, The Aquabats, and Sugarcult, while its current artist roster includes Pierce The Veil, Breathe Carolina, The Maine, Mayday Parade, The Word Alive, Motionless In White, Alesana, and Every Avenue. Fearless is expected to issue about 15 albums in the current year.
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