Recent

Neil Potter Promoted to Director of National Sales at Allen & Heath USA

August 1, 2025

Sonique Drums Unveils Poly Pro Slim Snare Wire Straps

August 1, 2025

NAMM Announces New Leadership Teams For Women of NAMM and NAMM Young Professionals

July 30, 2025

Jeff Mulvihill Appointed Combo Drum and Concert Percussion Brand Manager for KHS America

July 29, 2025

John Harvill to Assume Brand Management of Mapex & Majestic Marching Percussion

July 29, 2025

Introducing New PreSonus Special Edition StudioLive Digital Mixers

July 29, 2025

D’Angelico Guitars Launches 60th Anniversary Grateful Dead Collection

July 29, 2025

Recording and Mixing Engineer Thiago Baggio Thrives with DPA Microphones

July 29, 2025
Saturday, August 2, 2025
  • Contact
MMR Magazine
  • Subscribe Now!
    • Subscribe Now!
  • Advertise
  • Email Press Releases!
  • Current Issue
    • Past Issues
  • Newsroom
    • News
    • MMR Global
    • Supplier Scene
    • Upfront
    • People
  • Awards
    • Dealers’ Choice Awards Ballot 2024
    • Don Johnson Award Winners Archive
  • Directory
  • Get Support!
No Result
View All Result
  • Subscribe Now!
    • Subscribe Now!
  • Advertise
  • Email Press Releases!
  • Current Issue
    • Past Issues
  • Newsroom
    • News
    • MMR Global
    • Supplier Scene
    • Upfront
    • People
  • Awards
    • Dealers’ Choice Awards Ballot 2024
    • Don Johnson Award Winners Archive
  • Directory
  • Get Support!
No Result
View All Result
MMR Magazine
No Result
View All Result

Reverb to Become Privately Held Again

Christian Wissmuller by Christian Wissmuller
April 22, 2025
in MMR Global, Upfront
0
1k
SHARES
2.5k
VIEWS
Share on Facebook
ADVERTISEMENT

On April 22, music gear marketplace Reverb announced that two new investors—Creator Partners and Servco—have entered an agreement to purchase Reverb from Etsy. Once the deal closes, Reverb will be a privately-held, independently operated company backed by two investors that share Reverb’s experience in the music industry and focus on supporting musicians. 

“Creator Partners and Servco share our passion for the musical instruments industry and a  community-first approach, plus a deep desire to strengthen creative industries,” said David Mandelbrot, CEO at Reverb. “The musicians, shops, and brands who use Reverb have always been at the center of all that we do, and these two partners will help us support our music-making community in new and better ways.”

ADVERTISEMENT

Known for their focus on the digital transformation of creative industries, Creator Partners is an investment company currently investing in music companies including BMI, SoundCloud, Color Studios and Mogul.

“Reverb is the #1 global marketplace for musicians, and a one-of-a-kind platform that has transformed access to quality used gear for creators of all levels” said Kerry Trainor, Creator Partners Founder and former CEO of SoundCloud and Vimeo, “We are thrilled to join the Reverb mission to make the world more musical, and grow the entire industry through seamless secondhand commerce.”

Servco has been involved in the musical instrument industry since 1937, including a long history with Fender—first as a dealer of Fender music gear in the 1950s, then as part of the group that bought the company from CBS in 1985  and now as the majority owner of the company, as well as an active investor in other musical instruments businesses.

“We are thrilled and honored to be a part of Reverb’s continued success,” said Executive Chair of Servco, Mark Fukunaga. “For nearly 90 years, Servco has been deeply involved in musical instruments and music education programs. And we remain committed to being good stewards of leading musical instrument companies, like Reverb, and supporting players everywhere in pursuing their passion to create music.”

When the deal closes in the coming months, Reverb will return to being an independent business. According to Mandelbrot, buyers and sellers won’t notice any disruption as a result of this news, but he does expect the Reverb community to notice positive changes and new innovations in the coming months as the team continues to focus on making Reverb the best place to buy and sell music gear. 

“We’ve got a lot of exciting changes in the works. We’re expanding access to music-making software on Reverb and we’re getting ready to pilot a new option for selling that allows musicians to get paid faster, while skipping the listing and shipping process. Our teams are working on improving our search functionality, making it easier to ship, and shortening the time it takes to resolve support issues,” said Mandelbrot. “All and all, there’s a lot for our community to look forward to and I’m very excited about what’s coming as we move forward as an independent company again.” 

Tags: Reverb
Previous Post

Serj Tankian of System Of A Down and Gibson Unveil ‘Foundations’ Gibson Les Paul Modern Guitar and Tour Experience

Next Post

Yamaha Unveils Newly Transformed Corporate Campus in Buena Park, CA

Related Posts

MMR Global

NAMM Announces New Leadership Teams For Women of NAMM and NAMM Young Professionals

July 30, 2025
MMR Global

Recording and Mixing Engineer Thiago Baggio Thrives with DPA Microphones

July 29, 2025
Cesar Lamschtein, incoming Audio Engineering Society President-Elect in 2026
MMR Global

Audio Engineering Society Announces Results of 2025 Elections

July 29, 2025
MMR Global

Martin Audio Guides Visitors Through UK Pavilion at Osaka’s Expo 2025

July 28, 2025
MMR Global

NAMM’s Top 100 Dealer Awards Rebranded as The NAMM Retail Awards

July 21, 2025
Upfront

Guitar Center Launches First-ever In-store AI Shopping Assistant in Music Retail

July 21, 2025
Next Post

Yamaha Unveils Newly Transformed Corporate Campus in Buena Park, CA

  • Trending
  • Comments
  • Latest

John Harvill to Assume Brand Management of Mapex & Majestic Marching Percussion

July 29, 2025

D’Angelico Guitars Launches 60th Anniversary Grateful Dead Collection

July 29, 2025

Taylor Guitars Launches New Collection Ahead of NAMM

January 27, 2025

Atomic Music: A 30-Year Legacy in the Heart of Beltsville

December 17, 2024

Neil Potter Promoted to Director of National Sales at Allen & Heath USA

Sonique Drums Unveils Poly Pro Slim Snare Wire Straps

Celebrating 25 Years of Gator Cases: Built for Retailers, Trusted by Musicians By Mike Lawson

NAMM Announces New Leadership Teams For Women of NAMM and NAMM Young Professionals

Neil Potter Promoted to Director of National Sales at Allen & Heath USA

August 1, 2025

Sonique Drums Unveils Poly Pro Slim Snare Wire Straps

August 1, 2025

NAMM Announces New Leadership Teams For Women of NAMM and NAMM Young Professionals

July 30, 2025

Jeff Mulvihill Appointed Combo Drum and Concert Percussion Brand Manager for KHS America

July 29, 2025
ADVERTISEMENT
The Latest News and Gear in Your Inbox - Sign Up Today!
  • July 2025

    Articles | Digital Issue
  • June 2025

    Articles | Digital Issue
  • May 2025

    Articles | Digital Issue
  • April 2025

    Articles | Digital Issue
  • March 2025

    Articles | Digital Issue
© 2005 - 2025 artistpro, LLC
7012 City Center Way, Suite 207
Fairview, Tennessee 37062
(800) 682-8114

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Subscribe Now!
    • Subscribe Now!
  • Advertise
  • Email Press Releases!
  • Current Issue
    • Past Issues
  • Newsroom
    • News
    • MMR Global
    • Supplier Scene
    • Upfront
    • People
  • Awards
    • Dealers’ Choice Awards Ballot 2024
    • Don Johnson Award Winners Archive
  • Directory
  • Get Support!

© 2005 – 2024 artistpro, LLC 7012 City Center Way, Suite 207 Fairview, Tennessee 37062 (800) 682-8114

This is Modal Title

Click Me
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?