×

Spotify Acquires the Echo Nest

Music streaming service Spotify has acquired music intelligence platform the Echo Nest, whose song recommendation technology has long been utilized both by Spotify and a number of its competitors, the two companies announced today. Financial details were not disclosed.

The Massachusetts-based Echo Nest, founded in 2005, uses data analysis and machine listening to power song recommendation, audio fingerprinting and audio analysis. Spotify, which uses the Echo Nest to power its radio function, integrated its API with the Echo Nest’s back in 2012.

The Echo Nest noted on its company blog that its “API is staying up,” and is therefore still available to developers and the hundreds of apps that use it, while Spotify clarified that the Echo Nest would continue to honor all of its existing contractual obligations.

Nonetheless, the acquisition raises questions about the future of some of the Echo Nest’s existing deals with Spotify’s direct competitors, such as Clear Channel’s iHeartRadio, Rdio and Vevo. (Other streaming services, like Pandora and the newly launched Beats Music, use their own proprietary recommendation engines.) For Spotify, which closed a $250 million funding round last fall, the acquisition gives the company a stake in what has become an increasingly ubiquitous digital music tool, as well as diversifying its revenue sources.

“Since founding the Echo Nest, Brian Whitman and Tristan Jehan have created a company completely and beautifully obsessed with understanding the world of music to help fans discover more music,” Echo Nest CEO Jim Lucchese said in a statement.  “Joining forces with Spotify gives us the opportunity to continue doing so as part of the fastest-growing service in the world.”

The Echo Nest will remain at its current headquarters in Somerville, Mass.

Popular on Variety

More Music

  • 'David Foster: Off the Record' Review:

    Toronto Film Review: 'David Foster: Off the Record'

    By the early 1970s, as the counterculture was dissolving and reconfiguring, there were new pop-star archetypes on the horizon that we still tend to think of — the glam rocker, the sensitive singer-songwriter, the hair-band metal strutter, the prog-rock wizard, the belting pop chanteuse, the punk rocker. But there was another figure of the era [...]

  • does self-described "family brands" business Hasbro

    With Hasbro Acquisition, Is eOne Planning to Offload Family-Unfriendly Properties?

    Hasbro’s $4 billion acquisition of eOne in August instantly put the Canadian toy giant in the league of major entertainment and content companies thanks to eOne’s arsenal of IP assets in music, television and film. But does the self-described “family brands” business that’s home to The Game of Life and My Little Pony align with [...]

  • Hopper Reserve

    Dennis Hopper's Dying Wish: His Own Strain of Marijuana

    Even as celebrity brands are starting to flood the emerging Cannabis market, Hopper Reserve stands out. The brand was launched by Marin Hopper, Dennis Hopper’s daughter from his marriage to Brooke Hayward. Hopper Reserve is a gram of California indoor-grown flower, two packs of rolling papers, a pair of matches and a trading card either [...]

  • Snoop Dogg Weed

    In the Cannabis Business, Not All Star Strains Are Created Equal

    With the cannabis green rush in full swing, many celebrities are jumping into the fray with their own brands, including such well-known stoners as Willie Nelson, Snoop Dogg and Tommy Chong. But as it turns out, not all star strains are created equal, so we assembled a trio of crack experts to put the product [...]

  • The Cars - Ric OcasekThe Cars

    Ric Ocasek's Death Brings Turbo Boost to the Cars' Sales, Streams and Airplay

    For fans of the Cars, relistening to the band’s music was just what they needed in the hours and days following news of band leader Ric Ocasek’s death. The Cars was the artist with the second-highest overall album sales in the two days following Ocasek’s death, according to BuzzAngle Music, with the Sept. 15-16 long-dormant [...]

  • Richard Branson Jason Felts

    Kaaboo Festival Acquired by Virgin Fest Owner Jason Felts

    Kaaboo, which says it has “shifted the music festival paradigm by offering a highly amenitized festival experience for adults,” is now under new ownership. Virgin Fest founder and CEO Jason Felts (pictured above with Virgin founder Richard Branson) has fully acquired all of the festival brand assets through an affiliate of Virgin Fest, the music [...]

More From Our Brands

Access exclusive content