Web3 music streaming platform Audius buys digital concert events platform SoundStage.fm

San Francisco-based blockchain-powered music platform Audius has acquired Barcelona-based digital music expertise platform SoundStage.fm.

The transfer brings marks Audius’ enlargement into the digital live performance house.

Digital dance music-centric SoundStage.fm was based in 2019 by Ara Kevonian.

In response to a press launch saying the acquisition, SoundStage.fm’s digital concert events let followers “be part of by way of webcam and work together with each the viewers and artist in a lifelike method”.

Launched in late 2019, Audius counts over 4.5 million month-to-month customers. It additionally inked a partnership with TikTok in August 2021, changing into the primary music streaming service to take action.

In September 2021, the agency introduced a $5 million spherical of strategic funding joined by trade heavyweights together with Maverick Founder Man Oseary’s Sound Ventures, SESAC‘s John Josephson, and former Sony Music Publishing (then Sony/ATV) boss Martin Bandier.

Audius says that its SoundStage.fm acquisition is a key element of the streaming firm’s enlargement into the music metaverse.

The corporate’s enlargement into the digital leisure house follows development of music-streaming platforms diversifying their companies by way of tech acquisitions

France-born music platform Deezer for instance, just lately expanded additional into the livestreaming world by way of UK-born livestream firm Driift, which acquired one other Deezer-backed livestreaming platform referred to as Dreamstage.

Deezer acquired a minority stake in Driift in October final yr, and made a strategic funding in Dreamspace in Could 2021. The corporate says that it subsequently grew to become a majority shareholder in Dreamstage, previous to its acquisition by Driift.

“In SoundStage.fm, Ara has created a strong new atmosphere for artists and followers to work together in.”

Forrest Browning, Audius

“In SoundStage.fm, Ara has created a strong new atmosphere for artists and followers to work together in,” stated Forrest Browning, co-founder and Chief Product Officer at Audius.

“There’s an bold product roadmap for SoundStage.fm as we work with Ara to create new digital experiences for music followers.”

“SoundStage.fm has constructed some of the compelling environments for artists and their followers to fulfill nearly and is a pure extension of what the Audius group is constructing.”

Roneil Rumburg, Audius

Audius CEO and co-founder, Roneil Rumburg, stated: “At Audius, we’re all the time excited to broaden the ways in which artists can work together with their most passionate followers.

“SoundStage.fm has constructed some of the compelling environments for artists and their followers to fulfill nearly and is a pure extension of what the Audius group is constructing.

“We’re excited for the artists that love Audius to attach with their followers within the SoundStage.fm metaverse.”

“My intention with SoundStage.fm was to supply the following smartest thing to a bodily live performance. The purpose was to ship an expertise that allowed followers and artists to work together as their human selves.”

Ara Kevonian, SoundStage.fm

SoundStage.fm CEO and founder Ara Kevonian, stated:  “My intention with SoundStage.fm was to supply the following smartest thing to a bodily live performance. The purpose was to ship an expertise that allowed followers and artists to work together as their human selves.

“As we came upon, that human ingredient proved to be key in recreating the joy that was misplaced in current stay stream and digital live performance choices.

“I’m excited to deliver SoundStage.fm to Audius and be part of the Audius ecosystem. Roneil and Forrest share the identical imaginative and prescient of bringing extra distinctive and compelling experiences to followers whereas giving the artist full inventive freedom.”

 Music Enterprise Worldwide