PORTLAND OR (CelebrityAccess) — Indie-focused distribution and royalty administration company CD Baby announced they have acquired Show.co, the digital music marketing platform, makers of the social listening and playlisting app Soundrop.
According to CD Baby, more than 5,000 labels and artists use Show.co to share content and collect data on key metricts about their fanbase.
CD Baby says they plan to continue Show.co’s offerings, as well as revamping the Soundrop app, which went dormant after Spotify shifted its third-party app strategy. The revived Soundrop will become the new home for many Loudr artists, the distribution service CD Baby acquired earlier this year.
“We are very happy to see a new home for Show.co and a new future for the Soundrop brand,” says Jørn Haanæs, Soundrop’s former CEO. “Soundrop and Show.co were both about helping artists connect with their fans. To finally see the last part of our original vision take effect is wonderful. Entering into music distribution was always the dream, as that’s the ultimate fan connection, now it’s soon to be the reality.”
The financial terms of the acquisition were not disclosed. – Staff Writers