Songkick, a leading tech start-up in the music industry, is splitting in two.
In a deal announced on Friday, Warner Music Group has acquired the Songkick name and the company’s concert-recommendation business, which has a popular app and sends users customized feeds of local live-music listings. The price was not disclosed.
What Warner is not buying is perhaps more telling: Songkick’s ticketing business, which has had success handling limited advance ticket sales for artists like Adele and Paul McCartney, but which faces intense competition from Ticketmaster. In a closely watched lawsuit, Songkick has accused Ticketmaster of antitrust violations, including interfering with Songkick’s business and threatening the artists it works with.
Songkick’s concert-recommendation platform attracts 15 million people a month, according to the company.
The company’s ticketing business will continue on its own, under a new name it has not announced; that entity will pursue the lawsuit against Ticketmaster, whose parent company is the concert giant Live Nation Entertainment.