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MUSIC REPORTS ACQUIRES BLOKUR

Feb 01, 2024•almost 2 years ago

Acquiring Company

Music Reports

Acquired Company

Blokur

Woodland HillsLondonInformation TechnologyMusicIT Services and IT Consulting

Description

Music Reports, a leading provider of music rights administration services, has completed the acquisition of Blokur, a technology company specializing in blockchain-based solutions for music rights management. This acquisition strengthens Music Reports’ position in providing innovative and transparent music rights management solutions, enhancing its capabilities to serve the evolving needs of the music industry.

Company Information

Company

Music Reports

Location

Woodland Hills, California, United States

About

Music Reports, Inc. is the world's leading independent music rights administration platform, providing objective music rights data and administration services to empower music stakeholders. The company leverages its proprietary Songdex® music rights registry and Cuetrak™ cue sheet management system to deliver a comprehensive, technology-enabled platform for music rights analytics, licensing, royalty accounting, and payments.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed