Pandora To Acquire Next Big Sound
May 19, 2015 at 6:15 AM (PT)
PANDORA has agreed to acquire NEXT BIG SOUND, a provider of online music analytics, for an undisclosed sum. This acquisition will provide PANDORA with an analytics tool used by tens of thousands of music makers, labels and marketers looking for data and insights about artists and their fans. Launched in 2009, NEXT BIG SOUND combines music consumption data into one centralized platform.
“The combination of PANDORA’s listening data and NEXT BIG SOUND’s analytical capabilities will create a vital source of data,” said PANDORA CEO BRIAN MCANDREWS. “NEXT BIG SOUND shares our passion for music and respect for those who make it. I’m incredibly excited to unleash the combined potential of our two companies and have the NEXT BIG SOUND team join us.”
“We are thrilled to be joining PANDORA,” said NEXT BIG SOUND CEO ALEX WHITE. “In them, we’ve found a great partner who, like us, believes data has the power to transform the music industry.”