DistroKid, the world's largest distributor of independent music, announced on September 13, 2023 that it has acquired Bandzoogle, a leading music website and commerce platform. The acquisition will allow DistroKid artists to create and power their own websites and sell music and merchandise directly to their fans, all within the DistroKid ecosystem.
Bandzoogle was founded in 2003 and has over 60,000 customers. The company offers a variety of features for musicians, including website templates, e-commerce tools, and marketing integrations. DistroKid was founded in 2013 and has over 2 million customers. The company distributes music to over 150 digital stores and streaming platforms, including Spotify, Apple Music, and Amazon Music.
The acquisition of Bandzoogle is a strategic move for DistroKid. It will allow the company to offer its artists a more comprehensive set of tools to help them grow their businesses. Bandzoogle's website templates and e-commerce tools will give DistroKid artists a way to create professional-looking websites and sell music and merchandise directly to their fans. This will help artists to connect with their fans and generate more revenue.
The acquisition is also a positive development for Bandzoogle customers. DistroKid has a strong track record of innovation and customer satisfaction. The company is likely to invest in Bandzoogle and continue to develop its features and functionality. This will benefit Bandzoogle customers and help them to grow their businesses.
The financial terms of the deal were not disclosed. However, it is likely that DistroKid paid a significant sum for Bandzoogle. The company is valued at over $1 billion. The acquisition is a sign of the growing importance of the independent music market. DistroKid and Bandzoogle are two of the leading companies in this market. The acquisition will help them to consolidate their positions and continue to grow their businesses.
Here are some of the benefits of the DistroKid acquisition of Bandzoogle for artists:
Artists will be able to create and power their own websites and sell music and merchandise directly to their fans, all within the DistroKid ecosystem.
Artists will have access to Bandzoogle's powerful website templates and e-commerce tools.
Artists will be able to connect with their fans and generate more revenue.
DistroKid is a well-respected and trusted company with a strong track record of innovation and customer satisfaction.
Overall, the DistroKid acquisition of Bandzoogle is a positive development for independent musicians. It will give them a more comprehensive set of tools to help them grow their businesses and connect with their fans.