Access Industries has been amassing its own full stack music empire, adding growing investments in Deezer and Songkick to its $3.3 billion 2011 acquisition of Warner Music Group, alongside a collection of telco investments. In fact, news just emerged this week that Access has now become the majority share holder in Deezer, tightening the control of its vertical stack. Liberty’s would-be acquisition Pandora has itself been building up its very own full stack play with the acquisitions of Ticket Fly, Rdio and Next Big Sound. No full stack company has yet made investments across all four music sectors (distribution, radio, live, rights). This though, is as much a reflection of the relatively early stage of the strategy than it is long term intent. In fact, the prospect of a Liberty bid for Universal Music is tantalizing to say the least.
Source: Like Access Industries, Liberty Media Is Building A Full Stack Music Company – hypebot