Los Angeles-based Songtradr, a B2B music licensing company, said yesterday that it has acquired Musicube, a developer of artificial intelligence software for mu
Music Business Worldwide
March 12, 2021
Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximise their income and reduce their touring costs.
This week, Swedish music company Epidemic Sound took on a $450 million funding round, which gives the much talked-about firm a $1.4 billion valuation.
Meanwhile, B2B music licensing marketplace Songtradr has acquired award-winning Sydney-based music and sound design company Song Zu in a ‘multi-million dollar transaction’.
Songtradr acquires music and sound design company Song Zu in multi-million dollar deal
March 10, 2021
Paul Wiltshire, CEO of Songtradr
B2B music licensing marketplace Songtradr has acquired award-winning Sydney-based music and sound design company Song Zu, which operates in the Australia and Asia Pacific region, with studios in Sydney and Singapore.
Described as a ‘multi-million dollar transaction’, the deal marks Songtradr’s second major acquisition since the completion of its Series C funding round in July 2020 where the company raised $30 million – valuing Songtradr at $165m.
Song Zu will form part of Songtradr’s recently-launched platform, Vinyl by Songtradr, alongside acquired companies Big Sync Music (acquired by Songtradr in February 2019) and Cuesongs.