SESAC Music Group announced today the acquisition of AudioSalad, an industry-leading technology platform that offers content management, analytics, delivery, and distribution solutions for the independent music sector.
AudioSalad’s best-in-class platform allows clients to efficiently manage their repertoire, streamline digital operations, and implement their preferred licensing strategy with global DSPs. Over the last decade AudioSalad has amassed a global client base with over 16 million audio and video assets under management. Their technical aptitude has established a strong reputation within the digital music sector, achieving the status of an Apple Music Preferred Distributor and a Spotify Preferred Delivery Platform, in addition to being a preferred technology partner of Merlin.
AudioSalad will remain headquartered in New York under the leadership of CEO Iain Catling and CTO Deane Thomas and will continue to function as a standalone business within the SESAC Music Group.
For the past ten years, Catling and Thomas have utilized their finance and engineering backgrounds to lead AudioSalad in providing top-tier technology solutions for the independent music sector. SESAC Music Group recognizes the value of their technical leadership in the industry and will utilize this partnership to continue to deliver innovative high-value technology solutions across all platforms.
AudioSalad CEO Iain Catling shares, We are proud to bring the AudioSalad platform and our technical expertise to the SESAC Music Group. We look forward to building new capabilities together and providing the very best technology solutions and support to artists and labels, as we continue delivering independence to the industry.”
SESAC Music Group Chairman and CEO John Josephson said, We are thrilled to have the AudioSalad team as part of the SESAC Music Group. Their passion and drive to provide the best service possible to independent labels, distributors and creators is unmatched, and we believe our partnership will support the continued growth of our multi-rights, multi-territory global rights management business.”
Casini Corporate Finance acted as exclusive financial advisor to AudioSalad on the transaction.
Seller, AudioSalad, LLC, was represented by Flaster Greenberg PC with a team composed of Steven Poulathas, Lauren Schwimmer, Jordan LaVine, John G. Koch, Adam Gersh.
AudioSalad is an industry leading content management, analytics, delivery and distribution platform for the music and entertainment industries. With offices in New York, Los Angeles, and London and a global client base comprised of leading independent music companies, such as Secretly Group / Secretly Distribution, ATO Records, Mushroom Group, Mad Decent, Stones Throw, etc., AudioSalad is empowering independents to truly take control of their digital business.
SESAC Music Group is a global, multi-rights music company that provides a wide range of services through its data, technology and services portfolio to publishers, songwriters, composers, and creators across every corner of the music industry. With its four divisions including Performing Rights, Music Services, Production Music, and Church Resources, SESAC Music Group drives efficiency in licensing for music users and is home to a wide array of world-class music companies. SESAC Music Group has offices in New York, Nashville, Los Angeles, London, and Munich.