BandLab Technologies

Last updated
BandLab Technologies
Company typePrivate
Industry
  • Music collaboration software;
  • Instruments and accessories
  • Music publications
Founded2015;11 years ago (2015)
Founders
  • Kuok Meng Ru
  • Steve Skillings
Headquarters Singapore
Key people
Kuok Meng Ru (CEO)
Products
Website bandlabtechnologies.com

BandLab Technologies is a Singaporean company founded in 2015 that operates a social music platform, called BandLab, and also owns a variety of music-related brands, including Harmony and Heritage Guitars; media platforms Guitar.com, NME , Uncut and MusicTech.com ; and musical instrument retailer and distributor Swee Lee. [1]

Contents

In December 2021, the company announced a reorganisation under the newly formed parent company Caldecott Music Group (CMG). BandLab Technologies is the music technology division of CMG. [2]

History

BandLab Technologies was founded in 2015 by Kuok Meng Ru and Steve Skillings. Kuok is also the owner of music retailer Swee Lee, acquired in 2012. [3] BandLab Technologies' first product, a Cloud Digital Audio Workstation (DAW) called BandLab, was released in November 2015. [4]

In July 2016, the company acquired Composr, an iOS app for recording audio and making music. [4] In September, the company acquired MONO Creators Inc, an American manufacturer of instrument cases, straps and accessories. [5] Also in September, BandLab Technologies acquired 49% of American music magazine Rolling Stone from publisher Wenner Media. [6]

In September 2017, the company acquired Chew.tv, a video streaming service for DJs. [7] In November, the company announced it was relaunching the Harmony Company guitar and Teisco musical instrument brand names. [8]

In February 2018, BandLab Technologies acquired digital audio workstation Sonar from musical instrument company Gibson, after Gibson acquired and closed Sonar's developer, parent Cakewalk. [9] Sonar was renamed Cakewalk by BandLab. [10] In October, the company acquired brands including The Guitar Magazine and MusicTech from UK-based publisher Anthem Publishing. [11]

In January 2019, BandLab Technologies sold its 49% stake in Rolling Stone to American publishing company Penske Media. [12] In May, the company bought the music publications NME and Uncut from United Kingdom publisher TI Media. [13] In August, the company announced that it was integrating its livestreaming service Chew into BandLab and renaming it as BandLab Live. [14]

In July 2020, the company released BandLab Albums, software for digital distribution for independent artists. [15]

In November 2021, BandLab acquired DIY artist services platform ReverbNation for an undisclosed sum. [16] [17]

In December 2021, the company announced a new parent company, Caldecott Music Group. [2] Caldecott Music Group (CMG) oversees three divisions: BandLab Technologies (technology and software), NME Networks (media), and Vista Musical Instruments (manufacturing, retail, and distribution).

In February 2023, it was announced BandLab had acquired the beat marketplace company, Airbit. [18]

Brands

Brands within the BandLab Technologies division of CMG:

Brands now under NME Networks, [20] [21] a division of CMG (previously part of BandLab Technologies):

Brands now under Vista Musical Instruments, CMG (previously part of BandLab Technologies):

Business model

BandLab Technologies does not charge for its software or digital musical content, but instead focuses on retail, manufacturing and media advertising sales. [22]

References

  1. 1 2 "Covid: NME owner says pandemic impact wasn't all negative". BBC. 2020-10-03. Retrieved 2020-11-16.
  2. 1 2 "Caldecott Music Group revealed as new umbrella of BandLab". The Music Network. 2021-12-01. Retrieved 2021-12-01.
  3. 1 2 3 "BandLab's Meng Ruo Kuok on building a business model around music". DealStreet Asia. 2020-08-22. Retrieved 2020-11-16.
  4. 1 2 3 "What You Need To Know About BandLab, The Singaporean Startup Behind That Rolling Stone Deal". Vulcan Post. 2016-09-29. Retrieved 2020-11-16.
  5. 1 2 "BandLab debuts a new 'Albums' tool for self-releasing artists". Deal Street Asia. 2016-09-09. Retrieved 2020-11-17.
  6. "A Large Stake in Rolling Stone Is Being Sold to This Singaporean Company". Fortune. 2016-09-25. Retrieved 2020-11-17.
  7. "BandLab Technologies acquires Chew.tv, a video streaming service for DJs". Techcrunch. 2017-09-06. Retrieved 2020-11-16.
  8. "BandLab to Reboot Teisco and Harmony Guitar Brands". Reverb. 2017-12-14. Retrieved 2020-11-16.
  9. "BandLab Acquires Cakewalk Assets from Gibson". Reverb. 2018-02-23. Retrieved 2020-11-16.
  10. 1 2 "Sonar now free, renamed 'Cakewalk by BandLab'". Sound On Sound. 2018-04-04. Retrieved 2020-11-17.
  11. 1 2 "SG music platform BandLab acquires The Guitar Magazine, Musictech". Deal Street Asia. 2018-10-24. Retrieved 2020-11-17.
  12. "Penske Media Takes Full Ownership of Rolling Stone". Variety. 2019-01-31. Retrieved 2020-11-17.
  13. "Music bible NME sold to Singapore's BandLab". Financial Times. 2019-05-17. Retrieved 2020-11-17.
  14. 1 2 "'BandLab Live' adds livestreaming to popular social music platform. 'Live' replaces previous streaming platform, Chew.TV". BandLab Technologies. 2019-08-01. Archived from the original on 2021-01-23. Retrieved 2020-11-16.
  15. 1 2 "BandLab debuts a new 'Albums' tool for self-releasing artists". Musical.ly. 2020-07-01. Retrieved 2020-11-17.
  16. "BandLab buys ReverbNation in artist services expansion – Music Ally". 5 November 2021. Retrieved 2021-11-08.
  17. "Singapore's BandLab acquires DIY artist services platform ReverbNation". Music Business Worldwide. 2021-11-05. Retrieved 2021-11-08.
  18. NME (2023-02-01). "BandLab Technologies acquire Beat marketplace Airbit". NME. Retrieved 2023-02-03.
  19. "Getting set up for remote collaboration: Collaborative Platforms". MusicTech. 2020-06-09. Archived from the original on 2020-11-25. Retrieved 2020-11-17.
  20. "NME, Guitar.com, Uncut & MusicTech form new media group, NME Networks". The Music Network. 2021-11-14. Retrieved 2022-08-16.
  21. "NME, Uncut and more form media group NME Networks".
  22. 1 2 3 "Singapore's BandLab Technologies acquires iconic music magazines NME and Uncut". Tech In Asia. 2019-05-17. Retrieved 2020-11-17.