This from MBW:

According to multiple strong sources, distribution platform DistroKid is holding talks with potential buyers over a big-money sale.

MBW hears that DistroKid is being repped by both Raine and Goldman Sachs in these discussions.

The number being bandied around Los Angeles is USD $2 billion, although some sources suggest that price could escalate even higher.

DistroKid was founded by Philip Kaplan in 2013 and was valued at $1.3 billionfollowing Insight Partners’ investment in August 2021.

DistroKid is now run day-to-day by President Phil Bauer. Bauer previously served as DistroKid’s Chief Operating Officer since 2018.

The New York-based company claims that it handles 30% to 40% of new music releases globally and serves more than 2 million artists.

In October, DistroKid launched a new direct-to-fan sales platform, marking the music distributor’s push beyond audio and video distribution services and into merchandise sales.

The new platform, Direct, builds on technology from direct-to-fan platform Bandzoogle, which DistroKid acquired in 2023.Music Business Worldwide