"DistroKid claims to facilitate the handling of up to 40% of all new music releases around the world, and to serve over two million artists."
"The $2B reported asking cost compares to a $1.3B valuation obtained in 2021 after an investment round at that time."
"Goldman Sachs and The Raine Group are named as financial advisors and representatives in the exploratory sale discussions."
"DistroKid has partnered directly with Spotify and TikTok, enhancing its presence in the digital music distribution landscape."
DistroKid, a digital music distribution service, is reportedly exploring a sale valued at $2 billion. The company is in active discussions with potential buyers, although specific suitors have not been identified. Goldman Sachs and The Raine Group are acting as financial advisors. DistroKid was valued at $1.3 billion in 2021 and claims to handle up to 40% of new music releases globally, serving over two million artists. The company has partnerships with Spotify and TikTok.
Read at RAIN News
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