Leading industry music companies The Really Useful Group and Concord Bicycle Music have announced a new partnership, launching The Musical Company with joint owner Lord Lord Andrew Lloyd Webber.

Lloyd Webber commented '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'.