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Spotify acquires Loudr

Published 04/12/2018, 12:36 PM
© Reuters.  Spotify acquires Loudr
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  • Spotify (SPOT -0.3%) acquires music licensing platform Loudr. Terms of the transaction were not disclosed.
  • Loudr was founded in 2013 to build services that make it easy for content creators, aggregators and digital music services to identify, track and pay royalties to music publishers.
  • “What Loudr has built is more than just a smart and easy way for artists to obtain mechanical licenses; it’s true music industry innovation,” said Adam Parness, ‎Global Head of Publishing, Spotify. “The Loudr team perfectly complements Spotify’s music publishing operation and, together, we believe we can continue to foster a more open, streamlined, and modern music publishing landscape.”
  • Now read: Will Spotify Ever Generate Profits?


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