Catalog of Fania Records, the Motown of Latin Music, Is Sold – The New York Times

The independent Concord Music bought the catalog of the New York salsa label that defined the genre in the 1960s and ’70s in a deal estimated at $30 million.
— Read on www.nytimes.com/2018/07/27/business/media/fania-records-salsa-music.html