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Article: Media-Saturn Group Acquires Majority Stake in 24-7 Entertainment, Europe's Leading Digital Distribution Provider.
- Article from:
- Entertainment Newsweekly
- Article date:
- April 10, 2009
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Media-Saturn-Holding GmbH has acquired a controlling interest in 24-7 Entertainment, Europe's leading B2B digital distribution provider specializing in online and mobile distribution of music, music video and ringtones. The company, which was founded in 2000, operates 41 download stores in 13 countries and has license agreements in place with over 12,000 labels including all the major record companies and independent labels. 24-7 Entertainment will remain under the management of its founders, Frank Taubert and Carl Nielsen and operate as an independent business unit within the Media-Saturn Holding Group. The company will continue to function as a turnkey, one-stop-shop for ...