The US entertainment and record label conglomerate Warner Music Group on Friday announced that, “It has acquired the selected assets of Songkick, including its official concert location app, website and company’s trademark”. Apart of this deal, “Songkick’s concert location discovery app team will join WMG.”
However, this deal will not include Songkick ticketing business nor the pending litigation Songkick has against Live Nation and Ticketmaster.
With this deal, Warner Music will be the new owner of Songkick’s IP (including app, website) and its user data base of 15 million monthly users.
According to the Warner Music Group official website which states that “The Songkick concert discovery app will now 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“.
In an statement issued by WEA President, Tony Harlow said that ““Fans all over the world trust Songkick to help them find events featuring the artists they love”.
“It’s a passionate, highly engaged music community, always on the lookout for new experiences. Bringing together Songkick’s discovery platform and world-class technology with our existing ecommerce expertise and global reach represents a powerful step in strengthening and evolving our direct-to-fan capabilities.” He added.
After this deal, Songkick CEO and Co-founder Matt Jones, said ““Songkick was founded on the promise of improving the live experience for fans and the artists they love”.
“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,” He added.
Founded in 2007, Songkick had raised $15 million in funding from Access Industries – a company owned by Warner Music board member Len Blavatnik, that has a significant stake in Warner Music Group. Access Industries has put over $30 million into Songkick to date