2013 is a good time to be an EDM-related company open to being acquired or invested in. We’ve already seen Sony Music take a stake in dance label Ultra Music, but now downloads store Beatport has been acquired by SFX Entertainment. The New York Times suggests the price was “a little more than $50m” for the US-based store, which was founded in 2004 and now reaches 40m dance-music buyers. Beatport will sit alongside SFX’s live business, as it focuses on a roll-up of companies in and around the burgeoning electronics scene. “Beatport gives us direct contact with the DJs and lets us see what’s popular and what’s not,” SFX boss Ben Sillerman tells the New York Times. “Most important, it gives us a massive platform for everything related to EDM.” For its part, Beatport is hoping for a push into emerging markets like India and Brazil following the acquisition, as well as getting more involved in live events.
Tools: platforms to help you reach new audiences
Tools: Kaiber
In the year or so since its launch, AI startup Kaiber has been making waves,…