- Mood Media
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Mood Media Corporation Type Public Traded as TSX: MM Industry Retail Media Founded Los Angeles,CA USA (2005) Headquarters Toronto, Ontario, Canada
Offices in Toronto, ONKey people Lorne Abony, Chairman & CEO
Andrew Rivkin, Consultant
James Lanthier, COO
Ben Gujral, CFOWebsite www.moodmedia.com Mood Media Corporation formerly known as Fluid Music Canada Inc., is a music delivery company. Their services include both in-store media (music, video, and scent) as well as in-store kiosks. They market their products through wholly owned operating subsidiaries, Mood Media, Trusonic and Somerset Entertainment. Lorne Abony is the CEO & Chairman.
Fluid Music had their Initial public offering in June 2008, on the Toronto Stock Exchange raising $27 million.
In the UK the company produces and broadcasts the in-store "Co-operative Radio" for The Co-operative Group[1] The company is not associated with Fluid Music Ltd in the UK, a music production company for television and online media.
Contents
Subsidiaries
Somerset Entertainment
Somerset is a producer and distributor of specialty music sold through non-traditional retailers. Somerset has a network of over 28,000 interactive displays in 18,500 locations in more than 20 countries, the type where customers push a button to listen to a CD in a kiosk.[2] In 2007, Somerset sold over 16 million records [3] and recorded revenue of $90.6 million and EBITDA of $20.5 million [4]. Somerset employs over 180 employees and has offices in Toronto, ON, Buffalo Grove, IL, Minneapolis, MN and Essex, UK[5].
Fluid announced the completion of its acquisition of Somerset on November 25, 2009 [6]. The acquisition valued Somerset Entertainment at $53.1 million dollars.
Trusonic
Founded in 1999, Trusonic Provides commercial music services to companies like Office Depot, JCPenney, and Panda Express[7]. They broadcast over 80 million songs monthly[8] through their proprietary music network. In addition to its licenses with major record labels, Trusonic's data base contains over 1.5 million emerging artist tracks.[9].
Fluid Music acquired Trusonic Inc. of La Jolla, Calif. on November 1, 2008[10].
Muzak
In March, 2011, Mood Media acquired the American background music company Muzak Holdings.[11]
References
- ^ Co-operative Radio shows sales increase up to 40% at moodmedia.co.uk
- ^ http://v1.theglobeandmail.com/servlet/story/LAC.20091014.RMUSIC14ART1940/TPStory/TPBusiness/
- ^ http://www.marketwire.com/press-release/Somerset-Entertainment-Income-Fund-TSX-SOM.UN-878808.html
- ^ http://www.financialpost.com/scripts/story.html?id=18895656-ca9c-4e86-99b5-5b1bebc7f527&k=63736
- ^ http://www.marketwirecanada.com/mw/rel_ca.jsp?id=1012867
- ^ http://www.newswire.ca/en/releases/archive/November2009/25/c5131.html
- ^ http://trusonic.com/prnews/
- ^ http://www.dmwmedia.com/news/2007/11/01/fluid-media-networks-acquires-in-store-music-provider-trusonic
- ^ http://www.musicbusinesstimes.com/Music%20Business%20Times/nov_07_articles/fluid_media_networks_acquires_trusonic.htm
- ^ http://www.dmwmedia.com/news/2007/11/01/fluid-media-networks-acquires-in-store-music-provider-trusonic
- ^ Hartley, Matt (24 March 2011). "Sound of Muzak in Canadian hands". National Post. http://www.nationalpost.com/news/canada/Sound+Muzak+Canadian+hands/4499499/story.html. Retrieved 26 March 2011.
Categories:- Companies listed on the Toronto Stock Exchange
- Digital audio
- Industrial music services
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