Buzznet Buys Absolute Punk

Buzznet Inc., a Los Angeles-based social media community focused on music and pop culture, has acquired alternative music community Absolute Punk. No financial terms were disclosed. This is Buzznet's fourth recent acquisition, having previously bought Idolator, Qloud and Stereogum. It has raised over $30 million in VC funding from Interscope Records, Redpoint Ventures and Anthem Venture Partners.

 

PRESS RELEASE

Buzznet, (www.buzznet.com), the Web's leading social media community for music, today announced the addition of Absolute Punk (www.AbsolutePunk.net). Founded in 2000, Absolute Punk is the premier destination for alternative music, industry news, reviews, interviews and community, and has become the top source of information for devoted music fans.

“The addition of Absolute Punk to our site helps us to deliver on our promise of making Buzznet the go to destination for all different kinds of fans across all genres of music,” said Scott Boyd, General Manager. “Buzznet is committed to delivering the most robust, diverse and all-encompassing music experience online. Absolute Punk's loyal community and high quality editorial and social news database will only help to make the Buzznet music experience that much better for the fans.”

With an incredibly active community of more than 500,000 music fans, Absolute Punk provides one of the largest alternative music zines on the Web. Through forums, exclusive content and millions of community contributed posts, fans of alternative music ranging from punk, emo, hardcore and indie can discover new music and interact with other hard core fans of niche music genres.

“We are very excited about Absolute Punk's future as a part of the Buzznet family,” said Jason Tate, Founder, AbsolutePunk.net. “This partnership will allow us to maintain our own individuality and editorial voice that is unique to Absolute Punk while providing us with valuable resources to achieve goals and grow in ways we never imagined would be possible.”

Buzznet recently announced the acquisition of famed indie music blogs Idolator and Stereogum, joining other Buzznet music offerings, including Vampire Freaks, the leading industrial music and gothic online community and FriendsOrEnemies, the favorite online destination for fans of top scene bands such as Fall Out Boy. With more than 10 million music fans, Buzznet.com is the Internet's fastest growing music community.

About Buzznet

Buzznet.com empowers millions of music fans with the platform to create the most in-depth music experiences around the artists they love. Users express themselves, connect with friends and socialize around the topics they are passionate about, sharing millions of photos, videos and blog posts every day. The site is also home for communities created by top bands and social trendsetters, and has established itself as the premier destination for music.