Beatport is an online music store specializing in electronic music and culture. Beatport is a privately held company owned and operated by Beatport LLC and based in Denver, Colorado with offices in Los Angeles, California, San Francisco, Tokyo, Japan and Berlin, Germany. It was founded in 2004, and in 2013 bought by Robert F. X. Sillerman's company SFX Entertainment, for a reported price of slightly over $50 million. Its annual revenue for 2012 was reportedly around $15–18 million, with losses of $2 million.

History

Founding (2004)

The first version of Beatport's web store, Beatport 1.0, was released on January 7, 2004 and consisted of 79 electronic music record labels in its catalog. Half a year later, Beatport was beginning to become recognized after a few collaborations with well-known DJs and partnerships with the technology company Native Instruments. In January 2005, a revised Beatport 2.0 was released, with a catalog of over 100,000 tracks supplied by 2,700 signed labels. Beatport was also made accessible through a scaled-down GUI embedded within DJ software: Traktor DJ Studio by Native Instruments. On August 7, 2006 Beatport released Beatport 3.0 Fully Loaded, the third version of its original store, which featured improvements to navigation, customized content subscription via My Beatport, and new payment options.