BandLab Technologies Announces Acquisition of Beat Marketplace Airbit
BandLab continues to expand its creator toolset and alternative revenue sources for millions of creators.
SINGAPORE, SINGAPORE; 1 February 2023 – BandLab Technologies, the parent company of social music creation platform, BandLab, digital audio workstation, Cakewalk, and artist services platform, ReverbNation, announced the acquisition of beat marketplace Airbit, effective today.
This acquisition expands upon BandLab’s full-service creator toolset – which includes the free, mobile-first cross-platform DAW and the AI musical idea generator SongStarter – providing artists with seamless access to all major elements of music creation, promotion, and distribution.
To date, artists have earned over $50M+ on Airbit, with over 2M+ 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.
Airbit users will continue to enjoy uninterrupted services and can expect a seamless integration of Airbit’s features into BandLab’s creator platform in the near future. As part of the deal, all current employees will be retained, and the CEO of Airbit, Wasim Khamlichi, will step down after a transition period.
“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 community’s most requested features,” says Meng Ru Kuok, CEO & Founder of BandLab Technologies. “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.”
CEO of Airbit, Wasim Khamlichi, says, “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 Airbit 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.”
More information will be shared about the product roadmap and future features in due course.
BandLab’s vision is simple: A future where there are no boundaries to making and sharing music. Founded in 2015, BandLab is the next-generation social music creation platform on a mission to break down the technical, geographic, and creative barriers for musicians and fans. Free-to-use, the mobile-first cross-platform DAW and social network, unites the entire creator journey into one place, boasting a suite of features and tools for creators to make music, share their music with fans, earn a living, and even top the charts.
To find out why over 60 million creators love and use BandLab, visit bandlab.com or sign up for free on the App Store or Google Play. BandLab is the flagship product of BandLab Technologies, which also includes a professional-level digital audio workstation, Cakewalk, and an artist services platform, ReverbNation.
Airbit’s global music technology platform empowers music makers by pioneering new technologies, fostering community, and providing unique music monetization tools.
With Airbit’s global best-selling platform music makers can take control of their own careers. Join the world’s top producers and creators who believe in a music industry that’s more fair, where talent and effort speak for themselves.