Spotify Acquires The Echo Nest
Deal Further Strengthens Spotify’s Music Discovery Expertise New York, NY/Somerville, MA – March 6, 2014 – Spotify today announced that it will acquire the industry’s leading music intelligence company, The Echo Nest. The acquisition supports Spotify’s strategy to grow global music consumption and overall revenue back to the music industry by building the best user experience and music discovery engine for millions of global fans.This deal will allow Spotify to leverage The Echo Nest’s in depth musical understanding and tools for curation to drive music discovery for millions of users