EDM download site Beatport has shut down its San Francisco office and laid off a number of engineering staff.
Six engineers in San Francisco and as many as 20 in Beatport’s Denver headquarters are said to have been let go last week.
The move is part of a restructuring following parent company SFX Entertainment’s recent IPO. SFX bought Beatport in February for what was said to be upwards of $50 million.
Discussing the changes, Beatport said: “With the ...
Register for a Music Week trial to access this article.
Sign up for your free trial to Music Week, the no 1 weekly trade magazine for anyone who needs to understand the business of music. For four whole weeks we will provide you with great, in-depth journalism that gets right inside the business of music in print and 24/7 online. With both the print and digital edition you will be able to enjoy the whole Premium experience of a subscription to Music Week - absolutely free.Start your free trial