Spotify acquires music licensing firm Loudr

By Pouyan Broukhim

Leading digital music streaming company Spotify has revealed that it has acquired music licensing platform Loudr in the aim of improving its operations in regard to licensing and royalty payments.

Loudr provides products, services and solutions that make it easier for content creators, aggregators, digital music services and alike to identify, track and pay royalties to the artists and music publishers.

See also:

“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.”

Loudr’s team will be integrated with Spotify, joining the company’s New York Offices. The company will continue to provide its services in the same way as it was before, whilst also contributing to Spotify’s own efforts to create more transparency within its own operations.

The acquisition comes just five years following the founding of Loudr in 2013, having to date raised over $1mn in funding, according to Crunchbase.


Featured Articles

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

During this unprecedented era of rapid digital transformation, establishing a well-functioning ecosystem stands to benefit both employees and customers

Mastercard: Supporting clients at a time of rapid evolution

Mastercard has announced a significant expansion of its consulting business with the launch of new practices dedicated to both AI and economics

Why Ceridian has boldly rebranded to Dayforce

Human Capital

McKinsey’s eight lessons in leadership for aspiring CEOs

Leadership & Strategy

KPMG: The biggest challenges facing global CEOs in 2023

Leadership & Strategy