Spotify Acquires The Echo Nest for Its Global Expansion

Mar 10, 2014 (Mon): Spotify, a global commercial music streaming service provider has announced that it will acquire The Echo Nest to supports its strategy to grow global music consumption and overall revenue back to the music industry by building the best user experience and music discovery engine for millions of global fans.

“Since founding The Echo Nest, Brian Whitman and Tristan Jehan have created a company completely and beautifully obsessed with understanding the world of music to help fans discover more music,” said Jim Lucchese, CEO of The Echo Nest. “Joining forces with Spotify gives us the opportunity to continue doing so as part of the fastest-growing service in the world; we’re thrilled to be part of a team equally as passionate about connecting more people with more music.”