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Beats Buys Out Muso Platform

By David Richards| 5 Mar 2014


	In a breaking announcement the Company said that they have added a new offering geared toward musicians: a way to communicate with fans and sell merchandise and albums the Company said. Terms of the transaction were not disclosed. Beats Music and Topspin both announced the deal via blog entries on their websites. Attempts to reach both companies were not immediately successful. Beats Music is a division of Beats Electronics, the headphone company founded by music mogul Jimmy Iovine and rap star Dr. Dre. Beats Music and Topspin Media have been working together for some time. Beats Music’s chief executive, Ian Rogers, was CEO at Topspin until about a year ago, his blog post said. Launched in 2007, Topspin has aimed to help artists prosper more from their own work as music streaming becomes the norm, offering sales and marketing software for musicians, filmmakers and other creative professionals. While the company has not disclosed its full funding history, its board members include investors from Redpoint Ventures and Foundry Group. Beats Music is an on-demand service that competes with rivals like Spotify by helping listeners connect to unfamiliar music.

About Post Author

David Richards has been writing about technology for more than 30 years. A former Fleet Street journalist, he wrote the Award Winning Series on the Federated Ships Painters + Dockers Union for the Bulletin that led to a Royal Commission. He is also a Logie Winner for Outstanding Contribution To TV Journalism with a story called The Werribee Affair. In 1997, he built the largest Australian technology media company and prior to that the third largest PR company that became the foundation company for Ogilvy PR. Today he writes about technology and the impact on both business and consumers.