Jun 27, 2018

Peloton acquires music distributor Neurotic Media

Photo: Peloton

Spinning startup Peloton, a business that lets users work out at home with a cycling bike via live streamed classes, acquired Neurotic Music Wednesday, per TechCrunch.

Why it matters: Streaming workouts, meet streaming music. Peloton, which has also diversified into the treadmill business, depends on music to drive its workout sessions. Neurotic is a veteran middleman between music publishers and brands.

The details:

  • Founder of Neurotic Media Shachar Oren will become a VP at Peloton.
  • Neurotic Media offices will remain in its headquarters in Atlanta.
  • Financial terms of the deal were not disclosed.

Go deeper

The oil stakes of Trump vs. Biden

Reproduced from Rapidan Energy Group; Chart: Axios Visuals

U.S. oil production is in a steep decline, but one question is how much November's elections will affect how much it does — or doesn't — bounce back.

Why it matters: The powerful price and demand headwinds from the coronavirus pandemic are creating a financial crisis in the oil patch.

The top stories from "Axios on HBO"

From last night's episode:

A closer look at how colleges can reopen

The campus of Brown University. Photo: Lane Turner/The Boston Globe via Getty Images

Masks in class, sports on hold, dorm life without roommates and summer 2021 classes for some: Brown University President Christina Paxson tells "Axios on HBO" it's all in play as colleges consider whether and how to safely reopen campuses in the fall.

Why it matters: An extended shutdown of U.S. colleges and universities would leave nearly 20 million students and 3 million employees with an uncertain future, but premature reopenings without proper coronavirus safeguards could jeopardize lives and force more closings.