Victory Records is a Chicago-based record label founded by Tony Brummel in 1989. It operates a music publishing company called Another Victory, Inc. and is the distributor of several record labels. In September 2019, years after buying part of the label’s catalogue, Concord Music Group bought Victory Records and Another Victory for $30 million. Craft Recordings has been managing the label’s catalog since Concord acquired the label. Victory has since not signed any new bands or released new records. Instead, the label operates as a distributor of the label’s alumni, as well as for reissues.