Spotify buys Loudr in latest publishing-royalties effort
Posted on: 13 avril 2018, by : Stuart Dredge

Spotify’s latest acquisition is its latest move to tackle the problems it has faced identifying, tracking and paying royalties to music publishers and songwriters. The company has snapped up Loudr, which does exactly that, for an undisclosed amount.
“Loudr will continue to provide select services to its publishing and aggregator partners, while contributing to Spotify’s continued efforts towards a more transparent and efficient music publishing industry for songwriters and rights holders,” explained Spotify in its announcement.
“The Loudr team perfectly complements Spotify’s music publishing operation and, together, we believe we can continue to foster a more open, streamlined, and modern music publishing landscape,” added its global head of publishing Adam Parness.
The post Spotify buys Loudr in latest publishing-royalties effort appeared first on Music Ally.
Source: Music ally

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