The reorganization will eliminate $400 million worth of debt.
More than 500,000 tracks will be reclassified.
The Rave Curious podcast catches up with the British bands, plus former Beatport CEO Matt Adell talks breaking capitalism.
This includes the streaming service, mobile app, Beatport News, video livestreaming platform, and their events section.
Metapop is a new company making it easier for artists, labels, and publishers to get paid fairly.
The figures were revealed in the bankruptcy announcement of the digital retailer's parent company.
The dance music events company will be taken private and gain a new CEO in the process.