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

Top 10 must-read sustainable leadership books for CEOs

As former Unilever boss Paul Polman debuts his new net zero book, we ask – can profit and purpose truly exist? Here are 10 business books to prove they can

Top 20 essential leadership resources for Black executives

To celebrate Black History Month, here are 20 resources for Black leaders – from business books to leadership coaches to business school exec programs

Broadridge study reveals huge impact of AI on C-suite

Broadridge Financial Solutions spoke to 500 C-suite executives from across the globe, many of whom said AI was significantly changing the way they work

PwC's Kathryn Kaminsky – the role of boards on social issues

Leadership & Strategy

Why your business needs a Chief Transformation Officer

Leadership & Strategy

12 top AI and ML trends for the enterprise in 2023 – Dataiku

Technology & AI