Spotify today announced it has acquired music data platform The Echo Nest, which will continue to operate out of its headquarters in Somerville, Massachusetts, and its offices in San Francisco. Financial details of the deal were not disclosed.
Spotify says it will use The Echo Nest to continue on its path of growing global music consumption. At the same time, it will push to bring revenue back to the music industry “by building the best user experience and music discovery engine for millions of global fans.”
More specifically, Spotify will look to leverage The Echo Nest’s musical understanding and tools for curation to drive music discovery. Not only will users be able to find more music they enjoy, but brands and partners will be able to build better music experiences for their audiences, or at least that is Spotify’s hope.
For developers wondering about The Echo Nest API, don’t worry: it will remain free and continue to be supported. Both companies say the developer community is crucial to their success and will remain a priority.
Spotify and The Echo Nest have a long history together. Back in March 2012, the two integrated their APIs so that any Spotify app developer could tap into The Echo Nest’s music intelligence technology. In March 2013, Microsoft, Spotify, and The Echo Nest joined forces to create Mixshape, a visual tool that automatically sorts playlists based on the properties and moods of individual songs.
“We’ve been fans of The Echo Nest for a really long time and honoured to have their talented team join Spotify,” Spotify founder CEO Daniel Ek said in a statement. “At Spotify, we want to get people to listen to more music. We are hyper focused on creating the best user experience and it starts with building the best music intelligence platform on the planet. With The Echo Nest joining Spotify, we will make a big leap forward in our quest to play you the best music possible.”
Given that The Echo Nest powers many of Spotify’s competitors, including Pandora, Twitter Music, and Rdio, how exactly Spotify will manage the API will significantly impact online music. We’ve asked Spotify to make sure that “developers” refers to everyone and doesn’t exclude other Internet radio services.
See also – Tired of irrelevant ads on music streaming services? The Echo Nest wants to help and Yahoo Music taps The Echo Nest for dynamic artist bios and music discovery
Top Image Credit: iStockphoto
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2 Kommentare:
I think this is a good time to think about create spotify app
Great info, thanks for sharing. As music fan I' m really found of such news. There were two kinds of activities during quarantine: music and online learning
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