Jamendo in new deal
09 Apr 10
The saga of CreativeCommons music service Jamendo continues with a new buyer.
The saga of CreativeCommons music service Jamendo continues with a new buyer.
Although the first global platform for free and legal music downloads, Jamendo has been facing an uncertain future in recent weeks. Today it was nnounced that MusicMatic has bought the whole stake that Mangrove Capital was holding in the company and will be raising further capital.
The declared aim is finally secure Jamendo. Indeed, a release from the France based company refers to “perpetual”. That may prove to be rather ambitious but it indicates an intention to maintain the service.
Jamendo will expand its commercial network in France, Benelux, Spain and Germany and will offer, for the late second semester, an improved and innovative product supply.
Jamendo’s innovative business model allows free-of-cost downloads for visitors and income for artists, based on the splitting of revenue from advertising and commercial uses. For artists, it is also a great promotional platform.
Currently, Jamendo represents about 18,000 artists and over 30,000 albums, available for free to the general public. Its catalogue is also available to professionals who can purchase a global license (through Jamendo Pro) at a fairer price than usual for use in films, retail environments, etc. Jamendo takes charge of paying back a part of the rights directly to the artists.
MusicMatic is a company located in Belgium, France and Spain. Its main activity consists in managing the broadcasting networks of audio and video content, in retail outlets chains. MusicMatic works for more than 50 networks and broadcasts everyday audio and video content, in thousands of retail outlets, all over the world.
Jamendo is in keeping with the new business model of music, which brings the artist and the user closer together.
Alexandre Saboundjian, CEO of MusicMatic, becomes the new CEO of Jamendo and stands in for Laurent Kratz, who keeps his chairman position.
Concerning MusicMatic : MusicMatic is a company located in Belgium, France and Spain. Its main activity consists in managing the broadcasting networks of audio and video content, in retail outlets chains. Thanks to a technological expertise and an artistic creativity, MusicMatic works for more than 50 networks and broadcasts everyday audio and video content, in thousands of retail outlets, all over the world.
Although the first global platform for free and legal music downloads, Jamendo has been facing an uncertain future in recent weeks. Today it was nnounced that MusicMatic has bought the whole stake that Mangrove Capital was holding in the company and will be raising further capital.
The declared aim is finally secure Jamendo. Indeed, a release from the France based company refers to “perpetual”. That may prove to be rather ambitious but it indicates an intention to maintain the service.
Jamendo will expand its commercial network in France, Benelux, Spain and Germany and will offer, for the late second semester, an improved and innovative product supply.
Jamendo’s innovative business model allows free-of-cost downloads for visitors and income for artists, based on the splitting of revenue from advertising and commercial uses. For artists, it is also a great promotional platform.
Currently, Jamendo represents about 18,000 artists and over 30,000 albums, available for free to the general public. Its catalogue is also available to professionals who can purchase a global license (through Jamendo Pro) at a fairer price than usual for use in films, retail environments, etc. Jamendo takes charge of paying back a part of the rights directly to the artists.
MusicMatic is a company located in Belgium, France and Spain. Its main activity consists in managing the broadcasting networks of audio and video content, in retail outlets chains. MusicMatic works for more than 50 networks and broadcasts everyday audio and video content, in thousands of retail outlets, all over the world.
Jamendo is in keeping with the new business model of music, which brings the artist and the user closer together.
Alexandre Saboundjian, CEO of MusicMatic, becomes the new CEO of Jamendo and stands in for Laurent Kratz, who keeps his chairman position.
Concerning MusicMatic : MusicMatic is a company located in Belgium, France and Spain. Its main activity consists in managing the broadcasting networks of audio and video content, in retail outlets chains. Thanks to a technological expertise and an artistic creativity, MusicMatic works for more than 50 networks and broadcasts everyday audio and video content, in thousands of retail outlets, all over the world.
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