Drake Star Partners Advises Audiomicro On Its Sale To Avl Digital Group

NEW YORK | January 16, 2018 – Synchronization licensing platform AudioMicro.com includes leading YouTube monetization platform AdRev and label services provider and distributor, DashGo. Drake Star Partners acted as exclusive financial advisor to AudioMicro in this transaction leading to the sale to AVL Digital Group.

AdRev is one of the world’s largest YouTube Content ID managers and Multi-Channel Networks while DashGo’s powerful API is used by independent labels to send metadata automatically to DSPs.

AVL Digital Group, parent company of CD Baby and Disc Makers, already one of the largest distributors and service providers to independent artists, has made a major step into B2B services with the transaction. The purchase adds significant capabilities for CD Baby to serve record labels, publishers, and other music companies.

Together, the companies will become one of the world’s largest asset administrators in the music space. CD Baby already administers almost 9 million tracks with DashGo bringing an additional 250,000 sound recordings plus digital retail playlist and sales and marketing expertise.

“We’re excited to keep AudioMicro’s companies running seamlessly with continued growth and infused energy,” commented AudioMicro CEO Noah Becker. “We will retain all staff, build out the company’s existing technology, and move the company forward on its fast growth trajectory.” AudioMicro’s headquarters will remain in Los Angeles. “Drake Star Partners provided invaluable support throughout this process, mapping a broad universe of prospective strategic partners and working systematically with the team to narrow it down to the optimal acquirer with whom to continue building our business,” added Becker.

 Bob Ennis, Partner at Drake Star commented: “We enjoyed the opportunity to advise AudioMicro as it navigated a range of potential options and were pleased with the highly synergistic outcome.  The combined company will have one of the strongest offerings in the industry.”

Drake Star Partners’ team: Bob Ennis
Legal advisor to seller: Stradley Ronon
Auditor to seller: BDO

About AudioMicro

AudioMicro operates four different business verticals focused on digital music and asset management. Its flagship brand, AdRev.net, administers over 9 million copyrights on behalf of some of the most prominent major and independent publishers and labels in the world.

AdRev pays out over $20MN a year in YouTube and related royalties to its client base of over 3,000, with a proven track record of driving YouTube revenue growth 50%-100% YOY on behalf of its publisher and label partners.

For more information, please visit http://adrev.net

About Drake Star Partners

Drake Star Partners is a global investment banking firm serving the technology, media and communications sectors (TMC) with offices in New York, London, Paris, Munich, San Francisco, Los Angeles, Berlin, Amsterdam, Geneva and Tokyo. The firm focuses on M&A and corporate finance for its clients worldwide. Drake Star Partners completed over 300 transactions since 2004, 70% of which are cross-border.

Drake Star Partners is the marketing name for the global investment bank Drake Star Partners Limited and its subsidiaries and affiliates. In the USA, all securities are transacted through Drake Star Securities LLC. In the USA, Drake Star Securities LLC is regulated by FINRA and is a member of SIPC. © 2016 Drake Star Partners.

www.drakestar.com

Inquiries

For further inquiries, please contact:

Bob Ennis
Partner | Drake Star Partners
bob.ennis@drakestar.com  |+1 212 508 7112