Sonicbids

Business Website: http://www.sonicbids.com/

Sonicbids is an online matchmaking site for bands and people who book or license music. Sonicbids has more than 130,000 musicians and more than 10,000 promoters among its members, representing 100+ countries across the world.

Sonicbids is an online matchmaking site for bands and people who book or license music. Sonicbids has more than 130,000 musicians and more than 10,000 promoters among its members, representing 100+ countries across the world. At any given time, Sonicbids has more than 1,000 open gig listings for everything from festivals and club dates to songwriting contests and licensing opportunities.

Backstage, which specializes in casting, auditions and entertainment industry opportunities, purchased Sonicbids in early 2013 in a deal estimated at $15 million. The deal was backed by Guggenheim Partners. The sale brought together music, film and social marketing under one roof. Combined, the two companies have 600,000 subscribers and 60,000 paid subscribers. Guggenheim Partners is also the owner of Dick Clark Productions and Prometheus Global Media, the company behind trade publications such as Billboard and The Hollywood Reporter.

Status: Former Portfolio