The world’s leading music services provider, Downtown Music Holdings (Downtown℠), announced that it has acquired Curve Royalty Systems (Curve).
Founded in 2019 by Tom Allen, Richard Leach and Ray Bush, all veterans of internationally recognized music companies such as Cooking Vinyl, Essential Music and ADA, Curve is the preeminent royalty processing platform built to deal with the scale and demand of the modern digital music industry.
Curve is the latest in a series of strategic acquisitions that Downtown has made in recent years. In addition to Curve, the group acquired a series of companies, including FUGA, CD Baby and all its subsidiaries. Additional investments in Beatbread, Vampr and other creator-led music companies have added to the commitment by Downtown to support all profiles of businesses in the music ecosystem.
Curve will continue to provide royalty services to its extensive client base while integrating with the suite of distribution and monetization capabilities that operate across Downtown Music, the company division focused on the professional music industry. As part of a broader enterprise, Curve, its clients and partners will benefit from expanded resources, infrastructure, and global scale to more quickly bring to market its best-in-class royalty processing platform.
“Over the course of our discussions, it became apparent that we had a shared vision - Downtown provides real value for their customers and focuses on providing best-in-class products and services. That’s exactly what we’ve tried to achieve with Curve. So, when the opportunity came to work together, we knew this was a perfect fit for our team and client base. We know the future of Curve is in safe hands with Downtown, and we’re super excited to see what we can build together,” said Curve co-founder Tom Allen.
Pieter van Rijn, Downtown Music President says: “In Downtown Music, we’ve combined innovative technology and industry-leading services to create an offering that empowers music businesses and their creators. Curve perfectly complements our mission to be the leading music industry platform and their past work speaks to their high standards and pioneering technology.”