Just before Christmas (but after our final Bulletin), HMV made a cash bid of £46 million for its live music partner MAMA Group, in an effort to ramp up its move into the live sector. “Our joint venture has worked well since its formation and the full combination of HMV and Mama will enable us to accelerate our growth into live music,” said HMV CEO Simon Fox. MAMA’s directors have unanimously recommended the offer to shareholders. HMV’s offer followed a rival bid by investment group SMS Finance, which holds a 29.8% stake in the company. Source: Financial Times
Tools: platforms to help you reach new audiences
Tools :: Wyng
Through Music Ally’s internal marketing campaign tracking, we’ve recently discovered an interesting website by the…