NEW YORK (CelebrityAccess) — Label giant Warner Music Group has acquired 'select assets' from popular live music platform Songkick.
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 join the WMG team.
Not included in the acquisition were Songkick’s ticketing business and pending litigation associated with that ticketing business, including Songkick's lawsuit against Live Nation over the alleged theft of trade secrets.
Once under the WMG banner, Songkick will continue to 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.
“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,” Matt Jones, CEO, and Co-Founder of Songkick said in a press statement announcing the deal.
The financial details of the transaction were not disclosed. – Staff Writers