Derk lottman

Utopia Music acquires ROSTR & ForTunes and forms the “Creator Services” unit

Members of the Utopia Music team, including employees of the company’s Musimap subsidiary. Photo credit: Utopia Music

Utopia Music playing songs monitor has officially acquired the directory of the music industry and the fortunes Rostr data analysis platform, which will be part of the new division “Creator Services” of the purchasing company.

Utopia Music five years, has just announced the purchases that follow the end of September Musimap redemption, supported by Quincy Jones, and its acquisition late October Lyric Financial, artists assistance company based in Nashville .

Rostr, based in California, was founded by former executives of Spotify Mark Williamson (who is also CEO of Rostr) and Adam Watson (CTO Rostr and co-founder of CrowdAlbum). And according Utopia Music, the entity aims to “create an industry of more modern music, connected and equitable.”

Zug, Switzerland with headquarters official version of Utopia music is relatively weak on the details of the Fortunes of Vienna, however, stating only that the company “provides a new generation of artists, producers, management and labels complete data at hand. “The start of the founder (s) did not offer a statement for the document – and, to be sure, are not named in the statement.

Either way, “ForTunes is built in Vienna by a team of 8 music and tech enthusiasts,” relays the six-year-old platform’s LinkedIn page. Going forward, ForTunes along with ROSTR will continue to serve existing customers as independent divisions of Utopia Music, which has not publicly disclosed the companies’ purchase prices.

But the aforementioned Creator Services division of Utopia Music, whose product offering “will officially launch in 2022,” is poised to “provide a single common interface for songwriters, composers, artists, performers and professionals to understand. their audience and find monetization opportunities. for their creative rights and other efforts, ”according to the text.

Finally, regarding the details of the announcement multifaceted, co-founder and CEO of Rostr, Mark Williamson, should start as vice president of services to creators of Utopia, playing “a key role not only to bring Rostr in the Utopia family, but also to ensure continued growth of the business unit of creative services, “according to the parties involved.

Addressing the acquisitions and the new division in a statement, Utopia Music COO Roberto Neri outlined his broader vision of the role of the Creator Services unit in the contemporary music industry.

“By providing designers the right tools, the right data and eliminating the obstacles, we can help them increase revenues and find new ways to enhance their careers,” said Neri, former director of Downtown Music.

“Rostr and fortunes are key players in the industry who, like Utopia, believe in transparency and equity, and technology, the vision and the will to lead the way with us. These acquisitions open up a whole new chapter for Utopia, and we could not be more excited about the future, “said Neri, a member of the board and president of the Music Publishers Association.