Beatport to close streaming service, end auction process

Beatport announced that it is ending operation of its streaming service and mobile app. The official blog post said the change was an effort “to invest in what is most important to our business and our customers, rather than adding yet another choice to a sea of streaming services.” The streaming platform, plus the Beatport News, its video livestreaming, and the events section will also close effective May 13. Beatport will be doubling down on the download store, its original business.

Changes at Beatport are also the result of financial trouble for parent company SFX Entertainment. SFX will still consider offers to purchase Beatport, but it has formally suspended the process of auctioning it off.