Tag: acquisitions

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Canadian collecting society Socan acquires Sodrac

Socan is getting its wallet out again: this time the collecting society has closed its acquisition of fellow Canadian organisation Sodrac (the Society for Reproduction Rights of Authors, Composers and Publishers). Socan...
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Concord Music buys ‘Motown of Latin music’ for reported $30m

Fast-growing company Concord Music is on the acquisition trail again. It has bought independent latin music firm Fania Records and Publishing for an undisclosed amount – although the New York Times suggested that the...
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Blockchain startup Tron buys BitTorrent for reported $126m

BitTorrent (the company) has a new owner: blockchain firm Tron, which bills itself as “the world’s largest decentralised ecosystem”. BitTorrent confirmed the acquisition on its site, noting that its products have...
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Blockchain startup Tron buys BitTorrent for reported $126m

BitTorrent (the company) has a new owner: blockchain firm Tron, which bills itself as “the world’s largest decentralised ecosystem”. BitTorrent confirmed the acquisition on its site, noting that its products have...
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Musical.ly agreed to Live.ly shutdown as part of acquisition

Social app Musical.ly (not us, as ever!) recently announced plans to shut down its spin-off live-video app Live.ly, despite it having been installed 26m times by users. Now we know why: the company agreed to the shutdown...
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Fitness firm Peloton buys B2B music startup Neurotic Media

Peloton is one of the highly-valued startups trying to apply technology to the area of fitness, with livestreamed classes that people can pedal along with at home on the company’s customised exercise-bike and app. In...
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Report claims TuneIn is exploring a potential sale

Streaming radio service TuneIn has irked some rightsholders in recent times, but now the company is reportedly mulling a potential sale. Bloomberg claimed that TuneIn has hired boutique investment bank LionTree Advisors...
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Sony to buy additional 60% stake in EMI Music Publishing

Sony has announced that it has agreed a deal with Mubadala Investment Company to acquire the latter’s 60% stake in EMI Music Publishing’s parent company DH Publishing, taking Sony’s share of the publisher to 90%. The...
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Spotify buys Loudr in latest publishing-royalties effort

Spotify’s latest acquisition is its latest move to tackle the problems it has faced identifying, tracking and paying royalties to music publishers and songwriters. The company has snapped up Loudr, which does exactly that,...
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A&R’s data moment: Sodatone acquisition and Instrumental funding

Two separate announcements yesterday highlight the fact that big-data and machine-learning for A&R purposes are enjoying a bit of a moment – after years of being mostly seen as a controversial niche when they cropped up...
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Reliance claims $1bn valuation for Saavn and JioMusic merger

Indian telco Reliance Industries is merging its own music-streaming service JioMusic with independent player Saavn, in a deal that it says values the merged entity at more than $1bn. It’s promising that the resulting...
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Pandora to buy ad-tech firm AdsWizz for $145m

Pandora’s last major acquisition of another company, ticketing firm Ticketfly, didn’t go so well: bought for $450m in October 2015, then sold for $200m less than two years later. The company will be hoping for a better...