Digital Deal: FUGA Buys Songspace

Pieter Van Rijn

Digital supply chain and marketing company FUGA has acquired rights management/creative workflow platform SONGSPACE, which consolidates music publishing assets such as metadata, audio files, agreements and writer contacts and identifies gaps in such data, including accreditation and lyrics, MUSIC BUSINESS WORLDWIDE reports.

FUGA's platform -- which manages 4.5 million tracks with 500-plus clients that include EPITAPH RECORDS, ULTRA, DOMINOCURB, MOM + POP and mTHEORY -- is listed on the highest distributor tier for both SPOTIFY and APPLE. SONGSPACE -- which boasts 50 publishers and record labels such as KOBALT, RESERVOIR MEDIA, DOWNTOWN MUSIC PUBLISHING, BIG DEAL MUSIC and SENTRIC -- will “provide the only unified, end-to-end solution for record labels and music publishers that supports the full lifecycle of music" and has “clear use value for sync and a flexible data model that drives the administration capabilities required for accurate royalty collection, including works registration, analytics, and tracking,” FUGA's statement read.

SONGSPACE will continue to operate as a standalone platform with its entire leadership remaining in place as FUGA will make a “significant investment” into its platform over the next two years.

“New technology has the potential to revolutionize digital rights management for rightsholders, streamlining the ecosystem in a way which makes businesses more efficient and profitable," FUGA CEO PIETER VAN RIJN said. “We are looking forward to significantly investing in SONGSPACE’s excellent platform and creating synergies in the field of data transparency and matching, which will ultimately enable our clients to manage all rights data under one roof.”

"The combined strength and capabilities of the SONGSPACE and FUGA teams and technologies position us to expand and enrich our agnostic products and services across the entire music IP and rights lifecycle.," SONGSPACE CIO/CTO DARREN BRIGGS said.

SONGSPACE co-founder and Dir./Engineering CHRISTOPHER IGOE added: “I’m personally excited to deliver new features and improvements even faster while improving music metadata for all of our current and future clients.”

“I can’t say enough about how hard the SONGSPACE team worked for this outcome and it’s just the beginning.," SONGSPACE co-founder and CEO ROBERT CLEMENT said. "Our mission is to build enterprise level products and services with the best user experience possible and make FUGA+SONGSPACE the only independent platform for all music content owners.”

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