{"id":99234,"date":"2021-01-17T21:45:56","date_gmt":"2021-01-17T21:45:56","guid":{"rendered":"https:\/\/www.musicbusinessworldwide.com\/?post_type=companies&p=99234"},"modified":"2021-02-04T17:21:27","modified_gmt":"2021-02-04T17:21:27","slug":"distrokid","status":"publish","type":"companies","link":"https:\/\/www.musicbusinessworldwide.com\/companies\/distrokid\/","title":{"rendered":"DistroKid"},"content":{"rendered":"

Distrokid is a distribution platform for independent artists.<\/p>\n

It was founded by Philip Kaplan in 2013, and has grown to become one of the most significant platforms in the DIY distribution space.<\/p>\n

Distrokid serves more<\/a> than 250,000 artists to upload their tracks to services such as Spotify, Apple Music, and Amazon Music.<\/p>\n

Artists who have used Distokid for distribution down the years include stars such as\u00a021 Savage, Ludacris, Will Smith, and Tom Waits.<\/p>\n

In addition to distribution, Distrokid offers a menu of services that also includes\u00a0monetization, metadata customization, storage, and promotion.<\/p>\n

\n
Distrokid: Investment rounds<\/h6>\n

On October 17, 2018, Spotify announced that it had acquired<\/a> a minority stake in Distrokid.<\/p>\n

As a result of the transaction, Spotify said that Distrokid’s platform would enable those artists uploading to Spotify direct to also distribute their music to other services.<\/p>\n

However, by July 2019, Spotify had announced that it was retreating from\u00a0 direct distribution, and dropping the feature from its platform.<\/p>\n

Little over a week before Spotify announced the acquisition of a stake in Distrokid, Silversmith Capital Partners announced it had made<\/a> a “significant investment” in the distribution platform.<\/p>\n

In that announcement, made on October 9, 2018, Philip Kaplan, DistroKid Founder and CEO, said: \u201cAdding capital and expertise will help support our rapid growth, as well as planned expansion into new areas.<\/p>\n

“As I\u2019ve come to know the Silversmith team, it has struck me how much they value a founder\u2019s vision. I\u2019m excited to partner with Silversmith as we embark on the next phase of growth.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Distribution platform sold a minority stake to Spotify in October 2018<\/p>\n","protected":false},"featured_media":50710,"parent":0,"menu_order":0,"template":"","class_list":["post-99234","companies","type-companies","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies\/99234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies"}],"about":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/types\/companies"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies\/99234\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/50710"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=99234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}