Loudeye Acquires Overpeer

Loudeye is getting serious about digital and mobile music: it has acquired Overpeer, a New York City-based provider of digital media data mining, anti-piracy and promotional solutions. Loudeye paid for the transaction through approximately 1.7 million shares of its common stock, which at Monday’s stock closing price comes to about $4 million.

The acquisition is aimed at “converting billions of unmonetized digital media transactions in unauthorized distribution channels into growth and opportunity for digital media companies,” according to the company release.

Founded in 2000, Overpeer works with labels, film studios and other entertinament companies to provide market intelligence on the unauthorized digital distribution of their content assets as well as anti-piracy and promotional tools to capitalize on previously untapped revenue opportunities across distributed networks.

This news follows Loudeye’s $20 million equity financing announcement last month.

Related:

Loudeye Completes $20 Million Equity Financing

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Music market winks at Loudeye

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