iVideosongs, an online music instruction service that shows how to play songs from original artists who wrote and performed them, launched at the DEMO conference in 2008 and raised a total of $3.3 million from private investors. Its assets have now been unceremoniously acquired by a recently established music education and entertainment studio called Songmaster Studios Education.
Songmaster purchased all of iVideosongs’ video lessons and its usage rights, as well as its royalty agreements with dozens of artists, songwriters and publishers.
The terms of the acquisition were not disclosed.
Songmaster says it will continue to promote the iVideosongs trademark and distribute its video catalog, while developing new educational programs that incorporate iVideosongs lessons and other educational methods and materials.