International technology, media and telecoms law firm Olswang has advised global music streaming giant Spotify on its acquisition of Sonalytic, the UK-based makers of audio detection technology that identifies songs, mixed content and audio clips.
Sonalytic’s technology will help improve Spotify’s personalised playlists, match songs with compositions and improve Spotify’s publishing data system.
Olswang advised Spotify on all areas of the transaction, deploying specialist technology experts from a range of practice areas.
Peter Grandelius, Head of Corporate Legal, Spotify, commented: “We were glad to have Olswang’s support on this strategic acquisition, which will help Spotify improve our unique music ecosystem. The team at Olswang delivered committed, integrated and specialised advice under a tight timeframe. We look forward to working with them in the future.”
Olswang Corporate Partner Louis Glass, who led the transaction for the firm, commented: “We loved working with the Spotify team on this exciting transaction and in particular with Peter and his legal colleague Nicolina Kindblom. As avid users of Spotify, we’re keen to see how Sonalytic’s audio feature detection will advance Spotify’s offering.”