Business News Deals Labels & Publishers

Downtown acquires Curve

By Chris Cooke | Published on Monday 9 January 2023

Downtown Music Holdings last week announced it has acquired royalty processing platform Curve, which was founded back in 2019 by Tom Allen, Richard Leach and Ray Bush.

As a result of the deal, Downtown said, Curve “will continue to provide royalty services to its extensive client base while integrating with the suite of distribution and monetisation capabilities that operate across Downtown Music, the company division focused on the professional music industry”.

Plus, Downtown added, “Curve, its clients and partners will benefit from expanded resources, infrastructure, and global scale to more quickly bring to market its best-in-class royalty processing platform”.

Confirming the purchase from the Curve side, Allen said: “Over the course of our discussions, it became apparent that we had a shared vision – Downtown provides real value for their customers and focuses on providing best-in-class products and services. That’s exactly what we’ve tried to achieve with Curve”.

“So, when the opportunity came to work together, we knew this was a perfect fit for our team and client base”, he continued. “We know the future of Curve is in safe hands with Downtown, and we’re super excited to see what we can build together”.

Meanwhile, Downtown CEO Andrew Bergman added: “For some time, we have been admirers of the technology and service quality that Tom and Richard have been building at Curve. As we got to know them and their team, it became ever more obvious that their dedication and forward-thinking vision were a great fit for Downtown”.

“Accuracy, precision, timeliness and innovation in royalty services are core to Downtown’s mission of supporting creators and the businesses that serve them”, he went on. “Welcoming the Curve team to Downtown is another important step in furtherance of our mission”.