Live Nation Labs has acquired music discovery app Rexly. Terms of the deal were not disclosed. The acquisition was announced on both company blogs.
Rexly blog, “We are ridiculously excited and deeply humbled to announce that Rexly has been acquired by Live Nation Labs, an innovation group inside Live Nation Entertainment that is building a portfolio of digital products from scratch and overhauling the Fortune 500 company’s brand. Team Rexly will open a San Francisco office for Live Nation Labs and focus primarily on mobile. The Rexly iOS App will remain available and continue to be developed.” Read the full announcement
Live Nation Labs blog, “Tonight I’m feeling reflective, on the eve of the announcement that we have acquired iPhone social music star Rexly and that the Rexly team will establish our new San Francisco presence, Live Nation Labs North, or LN² as it’s already known around here.” Read the full announcement
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