acquisition

Radio tech firms Radio Loyalty, OneDomain acquired in separate deals

Friday, September 7, 2012 - 1:05pm

Radio Loyalty is the company that developed the platform for webcasters to award "loyalty points" (redeemable for merchandise) to listeners. They've just been acquired by Lux Digital Pictures, Inc., which operates a digital streaming and online marketing service network. According to a press release (here) announcing the acquisition, "In May 2012, RadioLoyalty's Internet radio advertising network was ranked #1 by comScore in the 'Entertainment-Radio' category, with a potential reach of 68.5 million unique visitors in the United States." Try the Radio Loyalty platform here and read more about the service in RAIN here.

Meanwhile, WideOrbit, which makes ad-management software for media companies has acquired OneDomain, a software firm the makes media planning, research, and business intelligence software for radio and TV stations and ad agencies. "OneDomain has installed more than 600 television and radio stations with MediaOffice, its core Advertising Sales and Proposal system," explains the press release (here).

Rumor says on-demand service MOG acquired by Beats Audio

Tuesday, March 20, 2012 - 11:10am

The San Francisco Chronicle today says, according to a "single source" (which it says categories it as a rumor), audio technology company Beats Audio (partly owned by mobile device manufacturer HTC) has acquired on-demand music service MOG.

News first broke last month that MOG was discussing various exit options with potential buyers (RAIN coverage here). Beats Audio, which makes the popular Beats by Dr. Dre headphones, but also audio processing for music, was reportedly close to launching an online music subscription service of its own in February.

Here's the Chronicle's coverage.

Rhapsody acquires Napster, will combine customer base for on-demand music subscription service

Tuesday, October 4, 2011 - 12:30pm
Rhapsody acquires Napster
 
Music subscription service Rhapsody has acquired Napster, gaining the platform's subscribers and intellectual property. 
 
Though newcomers like Spotify have earned more buzz of late, Rhapsody actually boasts the "largest amoung of paid users in the U.S.," writes Fortune, with 800,000 subscribers. That number will grow by "several hundred thousand subscribers" with the addition of Napster.
 
Napster was acquired by Best Buy in October 2008 for $122 million in cash. Best Buy gains a minority share in Rhapsody. Fortune has more coverage here.
 
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