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Music Streamers Unite To Target Markets That Spotify And Apple Have Yet To Crack
- The Times, Friday, July 10, 2015 7:48 AM
Two streaming companies have been brought together by a shared investor with the hope of creating a specialist able to target emerging markets that Spotify and Apple Music have yet to crack. Toscafund has forged a merger of the Akazoo streaming business owned by InternetQ, the listed mobile marketing company, and R&R Music, a high-tech music technology business run by Eric Nicoli, the former EMI chief executive. The combined business has been valued at GBP75 million as a result of the fresh investment.
