Spotify Acquires Minority Stake In Third Party Distribution Company

Spotify made a big splash in the music industry last month by allowing the ability for independent artists to upload their music directly through Spotify For Artists. The only thing that was missing was that artists would still have to get their content published on other platforms through other means.

To counter this, Spotify has made a minority investment in DistroKid – a well-known aggregator which serves more than 250,000 artists. According to Spotify, artists will soon be able to distribute their music through DistroKid through Spotify for Artists.

While Spotify won’t have controlling power of DistroKid, in a blog post announcing its new partnership, Spotify wrote: “For the past five years, DistroKid has served as a go-to service for hundreds of thousands of independent artists, helping them deliver their tracks to digital music services around the world, and reaching fans however they choose to consume music.”

“The service has been a trusted and reliable partner to Spotify, which is why they’re a natural choice to enhance the experience for artists using our beta upload feature.”

This is big news for both Spotify and independent artists, and clearly indicates Spotify isn’t slowing down its global domination of the Music industry.

Spotify Acquires Minority Stake In Third Party Distribution Company