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Warner Music Group Acquires Selected Songkick Assets

PR-Inside.com: 2017-07-14 16:54:02

Songkick's discovery app and website to operate as part of WEA, WMG's artist and label services division

NEW YORK, July 14, 2017 (GLOBE NEWSWIRE) -- Warner Music Group (WMG) has acquired selected assets from Songkick, the award­-winning live music platform that attracts 15 million fans a month. 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 move across to WMG. The acquisition excludes Songkick's ticketing business and pending litigation associated with the ticketing business.

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. The move expands WMG's growing network of direct-­to-­fan destinations and will lead to additional offerings for Songkick users.

Tony Harlow, President, WEA, said: "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."

Matt Jones, CEO and Co-Founder of Songkick, said: "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."

About Warner Music Group 
With its broad roster of new stars and legendary artists, Warner Music Group is home to a collection of the best­-known record labels in the music industry, including Asylum, Atlantic, Big Beat, Canvasback, East West, Elektra, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Rhino, Roadrunner, Sire, Warner Bros., Warner Classics, and Warner Music Nashville, as well as Warner/Chappell Music, one of the world's leading music publishers, with a catalog of more than one million copyrights worldwide.

Media Contacts
For Warner Music Group:
James.Steven@wmg.com
+1 212 275 2213

For Songkick:
rebecca.silverstein@songkick.com
+1 (646) 9203739




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Warner Music Inc. via Globenewswire




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