Warner Music Group Acquires Selected Songkick Assets
(Thomson Reuters ONE) -
Songkick's discovery app and website to operate as part of WEA, WMG's artist and
label services division
NEW YORK, July 14, 2017 (GLOBE NEWSWIRE) -- Warner Music Group (WMG) has
acquired selected assets from Songkick, the award-winning live music platform
that attracts 15 million fans a month. The deal includes Songkick's concert
discovery app and website as well as the Songkick trademark. As part of the
acquisition, some Songkick employees involved in running the concert discovery
app will move across to WMG. The acquisition excludes Songkick's ticketing
business and pending litigation associated with the ticketing business.
The Songkick concert discovery app will now operate as a standalone brand,
overseen by WEA, WMG's artist and label services division, which includes sales,
distribution, streaming account management and playlisting, analytics, insight,
artist websites and webstores, VIP experiences, fan clubs, and merchandising.
The move expands WMG's growing network of direct-to-fan destinations and will
lead to additional offerings for Songkick users.
Tony Harlow, President, WEA, said: "Fans all over the world trust Songkick to
help them find events featuring the artists they love. It's a passionate, highly
engaged music community, always on the lookout for new experiences. Bringing
together Songkick's discovery platform and world-class technology with our
existing ecommerce expertise and global reach represents a powerful step in
strengthening and evolving our direct-to-fan capabilities."
Matt Jones, CEO and Co-Founder of Songkick, said: "Songkick was founded on the
promise of improving the live experience for fans and the artists they love.
Over the years, we have helped tens of millions find their next great live
experience. And today, I'm excited to pass the baton on the discovery service to
the great team at WMG, an ideal organization to carry on this mission and to
take it in new, innovative directions. And, on behalf of the many artists and
fans we've served over the last decade, we are committed to continuing our
litigation against Live Nation and Ticketmaster independently."
About Warner Music Group
With its broad roster of new stars and legendary artists, Warner Music Group is
home to a collection of the best-known record labels in the music industry,
including Asylum, Atlantic, Big Beat, Canvasback, East West, Elektra, Erato,
FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Rhino, Roadrunner, Sire,
Warner Bros., Warner Classics, and Warner Music Nashville, as well as
Warner/Chappell Music, one of the world's leading music publishers, with a
catalog of more than one million copyrights worldwide.
Media Contacts
For Warner Music Group:
James.Steven(at)wmg.com
+1 212 275 2213
For Songkick:
rebecca.silverstein(at)songkick.com
+1 (646) 9203739
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Warner Music Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 14.07.2017 - 16:52 Uhr
Sprache: Deutsch
News-ID 552469
Anzahl Zeichen: 3559
contact information:
Town:
New York
Kategorie:
Business News
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