Earlier this week, we informed you that music creation platform BandLab has reached the milestone of 60 million registered creators on its service, up from the 50 million milestone that it surpassed in June final 12 months.

Right this moment (February 1) brings extra information in regards to the Singapore-headquartered agency’s ambitions within the music-making expertise area, as its guardian firm BandLab Applied sciences declares the acquisition of beat market Airbit.

Airbit presents a catalog of over one million beats from producers and beatmakers internationally. The platform, which reviews to have over 800,000 customers, has thus far offered over 2 million beats, in accordance with a press launch on Wednesday (February 1).

Producers have earned greater than $50 million on Airbit thus far, the corporate says.

BandLab will preserve all of Airbit’s employees as a part of the acquisition, whereas Airbit CEO Wasim Khamlichi will step down after a transition interval.

“We’re thrilled to carry Airbit’s group to BandLab. We’re frequently in search of alternatives to assist BandLab artists of their inventive course of, and this has been certainly one of our communities’ most requested options,” says Meng Ru Kuok, CEO & Founding father of BandLab Applied sciences. 

“We’re thrilled to carry Airbit’s group to BandLab. We’re frequently in search of alternatives to assist BandLab artists of their inventive course of, and this has been certainly one of our communities’ most requested options.”

Meng Ru Kuok, BandLab Applied sciences

The acquisition will develop BandLab’s choices for creators.

Backed by Prosus Ventures — the venture-investing arm of Netherlands-listed Prosus, which is majority-owned by Tencent’s largest shareholder, Naspers — BandLab is a cloud platform that provides a spread of music creation instruments for musicians and followers globally.

The corporate’s manufacturers embrace its namesake model BandLab, a social music creation platform; Cakewalk, a digital audio workstation; and ReverbNation, an artist companies platform.

Singapore-based BandLab didn’t disclose the scale of its funding in Airbit. The corporate raised $65 million in its collection B funding spherical in April 2022, hitting a post-money valuation of $315 million.

The acquisition of Airbit will see BandLab offering artists with “entry to all main components of music creation, promotion, and distribution,” along with its free DAW and AI musical concept generator SongStarter. In flip, Airbit customers will be capable to combine Airbit’s options into BandLab’s creator platform.

Talking in regards to the acquisition, Khamlichi says: “Airbit shares BandLab’s ethos of permitting music makers each alternative to seek out success. Airbit was began with the intent to empower creators as artists and entrepreneurs via new applied sciences and forward-thinking music monetization instruments.”

“Since Airbit was based in 2009, it has grown to change into a robust platform for lots of and 1000’s of creators. BandLab is greatest positioned to take it to the following stage,” the manager added.

“Since Airbit was based in 2009, it has grown to change into a robust platform for lots of and 1000’s of creators. BandLab is greatest positioned to take it to the following stage.”

Wasim Khamlichi, Airbit

In the meantime, BandLab’s Meng Ru Kuok added: “Due to firms like Airbit, self-serve beat marketplaces have change into an thrilling route for creators to seek out and buy high-quality beats to kickstart their inventive course of. We’re excited to enhance the consumer expertise for our creators and introduce new methods for them to earn a residing.”

The acquisition follows the launch of BandLab’s premium profile-boosting software known as ‘Increase,’ in September 2022. The characteristic, which prices $14.99 a month, provides creators entry to BandLab Alternatives through ReverbNation, which is able to enable them to ship their music on to key business heavyweights, together with editorial protection alternatives with varied music publications, dwell music occasions resembling SummerFest, and extra.

Music Enterprise Worldwide