Warner Music Group has acquired A&R insight startup Sodatone. The company will continue to be run by its founders, Arjun Bali and Jerry Zhang reporting to Vinnie Freda, WMG’s Chief Data Officer. No details of the acquisition were released.
The 2016 startup was originally hosted at the ‘Music Den’ incubator at Toronto’s Ryerson University and the University of Waterloo's Velocity program. Lat year, WMG acquired most of the assets of concert discovery platform Songkick.
Sodatone combines streaming, social and touring data with the power of machine learning and then identifies unsigned talent by tracking early predictors of success, such as the loyalty and engagement of a growing fan-base, and the potential virality of a track or demo.
Global & Regional
Sodatone also provides insights into audience reaction to releases from established artists and songwriters. It offers both global and regional views, enabling the A&R team to focus on specific territories as well as global reach.
Max Lousada, CEO, Recorded Music, Warner Music Group, says: “At Warner Music, we’re creating an entrepreneurial environment where art and technology thrive together. Arjun and Jerry are two talented pioneers, whose passion for algorithms and trends is matched by our love for music and culture. They understand that A&R instinct has always been informed by different types of data, and have created a tool that brings new sophistication and foresight to creative decisions. As the youngest member of our growing family of brands, Sodatone will help to differentiate us in the search for the superstars of tomorrow.”
Jerry Zhang and Arjun Bali add: “We chose Warner Music Group as our new home because we respect the company’s openness to experimentation and admire their approach to artist development. Having worked with so many music companies, it will be inspiring to be closer to the music-making process, and explore how we can fine-tune our technology to make it an even more powerful tool in the hands of the creatives. Max, Jon, Steve, Vinnie and the rest of the leadership team are very supportive of our ambitious plans for the future.”