• BandLab Technologies Acquires Beat Marketplace Airbit

    by Roy Trakin
    February 2, 2023 at 1:20 AM (PT)
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    They've Got The Beats.

    SINGAPORE-based BANDLAB TECHNOLOGIES, the parent company of social music creation platform BANDLAB, digital audio workstation CAKEWALK and artist services platform REVERBNATION, has acquired beat marketplace AIRBIT.  

    The property offers another option to BANDLAB's creator toolset -- which includes the free, mobile-first cross-platform DAW and the AI musical idea generator SONGSTARTER -- providing artists with access to all major elements of music creation, promotion and distribution.

    To date, artists have earned over $50 million on AIRBIT, with over 2 million beats sold. The platform boasts a catalog of more than a million beats from notable producers around the world, as well as emerging beatmakers, providing services for musicians to build sustainable communities and careers. The acquisition expands the audience for current AIRBIT producers to millions of new customers around the world.

    As part of the deal, all current AIRBIT employees will be retained, and AIRBIT CEO WASIM KHAMLICHI, will step down after a transition period. 

    BANDLAB TECHNOLOGIES CEO/founder MEN RU KUOK commented, “We are thrilled to bring AIRBIT’s community to BANDLAB. We are continually looking for opportunities to support BANDLAB artists in their creative process, and this has been one of our communities’ most requested features. Thanks to companies like AIRBIT, self-serve beat marketplaces have become an exciting route for creators to find and purchase high-quality beats to kickstart their creative process. We’re excited to improve the user experience for our creators and introduce new ways for them to earn a living.”

    Outgoing AIRBIT CEO KHAMLICHI added, “AIRBIT shares BANDLAB’s ethos of allowing music makers every opportunity to find success. AIRBIT was started with the intent to empower creators as artists and entrepreneurs through new technologies and forward-thinking music monetization tools. Since it was founded in 2009, it has grown to become a powerful platform for hundreds and thousands of creators. BANDLAB is best-positioned to take it to the next level.”

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