Spotify Acquires Music Data Company The Echo Nest

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Spotify wants you to spend more time discovering music on its platform, so it just bought the company that’s been helping you do so for years.

Spotify announced it is buying music data company The Echo Nest as a part of a greater effort to grow its global music-streaming service. The financial details of the transaction were not disclosed.

The Echo Nest, founded in 2005, is known for web crawling and data mining to determine what people want to listen to and make music suggestions. It’s already been working with Spotify for years, but also provides its services to MTV, BBC, Nokia, VEVO and other companies. …

More about Music, Echo Nest, Spotify, Business, and Startups …read more

Via: Mashable: Business

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