Musixmatch Acquires Music Reports to Become 'Full-Stack Rights and Royalties Platform'

Musixmatch, a leading lyrics and music data company, has acquired Music Reports, Inc., the owner of the Songdex copyright registry. This acquisition, the first in Musixmatch's 16-year history, aims to transform the company into a comprehensive rights and royalties platform. The deal is intended to address the complexities of music rights systems, particularly in light of AI's impact on music creation and usage.