Spotify will acquire music intelligence company, The Echo Nest.
The Echo Nest was created as part of research work that automatically understands audio and textual content of music and is used to fuel music data solutions including playlists, fingerprinting, and audio analysis.
Music services including Clear Channel’s iHeartradio and MOG, as well as editorial, video, social media networks (bbc.com, MTV, VEVO, Yahoo!), and large brands (Coca Cola, Microsoft) use The Echo Nest platform and solutions to build smarter music experiences.
“We’ve been fans of The Echo Nest for a really long time and are honoured to have their talented team join Spotify,” said Daniel Ek, Founder and CEO, Spotify. “At Spotify, we want to get people to listen to more music. We are hyper focused on creating the best user experience and it starts with building the best music intelligence platform on the planet. With The Echo Nest joining Spotify, we will make a big leap forward in our quest to play you the best music possible.”
The Echo Nest will continue to operate out of its headquarters in Somerville, Mass., and will also continue to operate in San Francisco. The Echo Nest API will remain free and open to support its developer ecosystem. The developer community will remain a priority for the combined companies.
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