Beatport
Beatport is an American electronic music-oriented online music store owned by LiveStyle. The company is based in Denver, Los Angeles, and Berlin. Beatport is oriented primarily towards DJs, selling full songs as well as resources that can be used for remixes.[1] It also operates a specialized music streaming service oriented towards DJs.
Developer
Established in 2004, the service was acquired in 2013 by Robert F. X. Sillerman's company SFX Entertainment for a reported price of slightly over $50 million.[2] In 2014, as part of an effort to widen its audience, Beatport expanded into original content oriented towards fans of electronic dance music, covering EDM news and culture, and offering on-demand music streaming from its catalog and live streaming events.
SFX Entertainment filed for chapter 11 bankruptcy on February 1, 2016, and Beatport was subsequently put up for sale. However, in May 2016, SFX suspended its proposed auction of the company, and cut its streaming and original content operations in order to focus on its core music sales business. SFX has since emerged from bankruptcy as LiveStyle. Beatport emerged from the bankruptcy debt free and profitable and continues to operate as an online music store.
Music catalog[edit]
At launch, Beatport offered tracks from 79 electronic music labels to customers worldwide. Over the years, the company has grown and expanded its music catalog to include more artists and differentiations of the electronic genre such as house, techno, drum & bass, and dubstep.
Sales of sample packs and remix stems, in the "Beatport Sounds" section, grew from an annual revenue of $600,000 in 2010 to $39.1 million in 2015.[1]
Music on Beatport is distributed without digital rights management (DRM); songs are distributed in MP3 format, with the ability to upgrade purchases to lossless AIFF or WAV format for an additional fee.
