Spotify acquires The Echo Nest

Date:
Thursday March 06, 2014

Company Name:
The Echo Nest

Company Website:
http://echonest.com

Categories:
Data Mgmt / Business Intelligence, Digital Media, Other Software

Deal:
Acquisition

Source:
http://bit.ly/1lCBxxc

Spotify today announced that it will acquire the industry’s leading music intelligence company, The Echo Nest. The acquisition supports Spotify’s strategy to grow global music consumption and overall revenue back to the music industry by building the best user experience and music discovery engine for millions of global fans.

This deal will allow Spotify to leverage The Echo Nest’s in depth musical understanding and tools for curation to drive music discovery for millions of users around the globe. The addition of The Echo Nest to Spotify will also strengthen Spotify’s ability to help brands and partners build amazing music experiences for their audiences.   READ MORE