Playlist sharing site Playlists.net has been acquired by Warner Music Group’s WEA.

The platform will continue to operate as a stand-alone company – with CEO and founder Kieron Donoghue kept on board.

Investment and growth are amongst plans and the move is part of WEA’s “huge appetite to further embrace streaming,” according to Donoghue.

“We were approached by WEA earlier in the year to discuss ways in which we could collaborate and it became apparent that there was much to ...