Guvera investor with Alzheimer’s to be repaid $6.6m
The collapse of Australian music-streaming firm Guvera is already one of the least-edifying stories of the digital-music era. But now it has plumbed new depths. It concerns AMMA Private Equity, the company run by Guvera...
August 10, 2018
Former Guvera boss plans new Dragonfly Music startup
Given the very-public collapse of Australian digital-music firm Guvera, it may be a surprise to hear its CEO Darren Herft has plans to launch a new startup. During a court hearing as part of Guvera’s liquidation process,...
January 2, 2018
7digital writes off remaining Guvera debt
B2B digital-music firm 7digital has written off the remaining debt owed to the company by former client Guvera. “After careful consideration and extensive negotiation with Guvera, we believe that receipt of further payments...
September 19, 2016
#ThrowbackWednesday: Music/Tech startups of 2010
A fun thing that popped up in one of the Music Ally team’s Facebook Memories this morning: our ‘New Music Startups and Services: H1 2010’ report that we published six years ago today.
August 10, 2016
Guvera India “in a state of chaos”
Crowdmix is not the only new music company having a hard time of it. Australian ad-funded streaming service Guvera was blocked from going for an IPO in June by the Australian Securities Exchange and had to close its operations...
August 5, 2016
Guvera is not out… not yet
Australian music streaming service Guvera (which seemingly now must always have the prefix “troubled”) is getting a stay of execution after winding up in administration in June with debts of (Aus) $12.5m and shutting...
August 3, 2016
Guvera battling on after IPO blockage
Streaming firm Guvera’s much-discussed IPO was recently blocked by the Australian Securities Exchange (ASX). Now the company is mulling its next moves, including seeking more money from its shareholders.
July 5, 2016
Guvera IPO blocked by Australian Securities Exchange
Streaming service Guvera’s IPO has hit the buffers, after being blocked by the Australian Securities Exchange (ASX) on which it was planning to list. “ASX must be satisfied that a company is appropriate to be listed...
June 20, 2016
Guvera prepares for July IPO by launching prospectus
Australian music-streaming service Guvera is preparing to go public in July, but the release of its IPO prospectus has shed new light on its business. Guvera generated AU$1.2m ($0.87m) of revenues in its last full fiscal...
June 1, 2016
Guvera raises $72.2m and plans IPO – but lost $58.6m last fiscal year
Australian digital music firm Guvera has startled the industry by announcing an AU$100m ($72.2m) funding round, while talking up its plans for an IPO. Yet the company's latest financial results reveal that it lost AU$81.1m...
November 26, 2015
Former Blinkbox staff launch £10m lawsuit against Guvera
Earlier this year, digital music firm Guvera laid off around 100 staff from British service Blinkbox Music shortly after buying it from Tesco. Now those redundancies have spawned a £10m class-action lawsuit from 80 of...
October 9, 2015
Guvera shareholder offloads millions of shares but the service is getting a “large cash injection” soon
We can’t say that mUmBRELLA pops up on our RSS feed too often but it has a very intriguing story about Australian music service Guvera. It reports that a major (but anonymous) shareholder in the service has taken out an...
July 23, 2015