Songtradr said in a media release March 30 that the transaction “solidifies Songtradr’s position as a key leader in the B2B music industry, establishing the company as the only one-stop music solution for digital platforms and brands worldwide”. The acquisition will see UK-headquartered 7digital‘s music delivery platform combined, under one company, with Songtradr’s “technologies, licensing pedigree, and unmatched AI music search and metadata technology”.
Source: Songtradr closes $23.4m acquisition of B2B music firm 7digital