Billionaire Len Blavatnik-controlled Warner Music Group has announced it has signed a binding agreement to acquire Israeli startup Revelator.
The transaction amount is not disclosed.
Revelator was founded in 2012 and specializes in digital music distribution, copyright management, royalty administration and real-time analytics.
The company serves hundreds of clients through a cloud-based platform that streamlines the operations and financial management of artists, record labels and distributors.
The deal will allow WMG to expand its range of services to music companies and artists.
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