M&A Deal Summary

SESAC Acquires Audiam

On August 19, 2021, SESAC acquired internet software and services company Audiam from SOCAN

Acquisition Highlights
  • This is SESAC’s 2nd transaction in the Internet Software and Services sector.
  • This is SESAC’s 3rd transaction in the United States.
  • This is SESAC’s 2nd transaction in New York.

M&A Deal Summary

Date 2021-08-19
Target Audiam
Sector Internet Software and Services
Buyer(s) SESAC
Sellers(s) SOCAN
Deal Type Divestiture

Target

Audiam

New York, New York, United States
Audiam is a cloud based interactive streaming agency. It gets its music publishing members accurately paid from YouTube, Spotify, Apple Music, Google Play, Rhapsody, Beats, Amazon Prime, Mood Music, TouchTunes and other interactive streaming services.

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Buyer(S) 1

Buyer

SESAC

Nashville, Tennessee, United States

Category Company
Founded 1930
Sector Digital Media
DESCRIPTION

SESAC is a Music Rights Organization that administers public performance, mechanical, synchronization and other rights. SESAC offers singular licenses for the works of its affiliated writers and publishers that aggregate both performance and mechanical rights in order to drive greater efficiency in licensing for music users, as well as enhanced value for music creators and publishers. SESAC was founded in 1930 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: New York M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-07 The Harry Fox Agency

New York, New York, United States

The Harry Fox Agency, Inc. is a provider of rights management, licensing and royalty services to music publishers.

Buy $20M

Seller(S) 1

SELLER

SOCAN

Toronto, Ontario, Canada

Category Company
Founded 1990
Sector Information Technology
DESCRIPTION

SOCAN (the Society of Composers, Authors and Music Publishers of Canada) is a provider of technological platform for international music creators and publishers.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-21 Audiam

New York, New York, United States

Audiam is a cloud based interactive streaming agency. It gets its music publishing members accurately paid from YouTube, Spotify, Apple Music, Google Play, Rhapsody, Beats, Amazon Prime, Mood Music, TouchTunes and other interactive streaming services.

Buy -