It’s been interesting to watch the corporate moves happening in the sync and production music space, with acquisitions and a sense of companies buying (and building) the elements to expand what they offer to clients. The latest example is Harvest Media buying RoyaltyCloud.
The former is the company that offers software for managing production music and sync catalogues, while the latter has a tool to help publishers process royalties data. Now they’ll be combined into one service by the acquisition, which was for an undisclosed amount.
The full merger of the services is expected to happen in the first quarter of 2022. Harvest COO Roland Hélène said that RoyaltyCloud “hits a sweet spot for our expanding client base”.
For more on trends we see in the sync space, read our recent Sandbox Guide to The Future of Sync report, which came out earlier this month.