Songkick Gets $10 Million from Warner Music Group Owner Access Industries
Songkick has received $10 million in funding from Access Industries, giving the London-based concert listing and ticketing service additional fuel for its goal of changing how people find and attend…
Songkick has received $10 million in funding from Access Industries, giving the London-based concert listing and ticketing service additional fuel for its goal of changing how people find and attend live music events — “helping more artists to do great things,” as the company puts it.
Last month, Songkick assisted Adele and her team with combating the well-organized scalping (“touts” in the U.K.) industry. A source told Billboard at the time that Songkick’s involvement helped cut down on the secondary market’s involvement by 50 percent. The rollout wasn’t pristine, however, with some complaining of security breaches. Songkick says it provided the same support this week, when tickets to the superstar’s North American tour went on sale earlier today. (You can’t please everyone, of course.)
Access Industries, owner of Warner Music Group, has invested in a number of digital startups. It had previously invested in Songkick in June, participating in the startup’s $16 million funding round. In October Access and manager Sarah Stennett formed First Access Entertainment, which will see Stennett expanding beyond music into film, fashion and television. Access’s largest funding in digital music was as lead investor in music subscription service Deezer’s $130 million funding round in 2012. It also invested in Beats Music, the music subscription service founded by Dr. Dre and Jimmy Iovine that was acquired last year by Apple. Its other investments range from cloud hosting startup DigitalOcean to app discovery platform IronSource.
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