SESAC Acquires Audiam From SOCAN

SESAC, which bought Harry Fox in 2015 and was acquired by investment-management company Blackstone in 2017, announced the Audiam buyout in a brief release today. This release doesn’t disclose the transaction’s financial terms or ownership specifics, besides noting that “SOCAN will retain a minority share in Audiam.” Also worth mentioning is that SOCAN kicked off 2021 by offloading B2B digital-music platform MediaNet.

Source: SESAC Acquires Audiam, Drawing Criticism From Founder Jeff Price