17 May 2019TI Media today announces it has agreed to sell its music titles NME and Uncut to BandLab Technologies. The deal - which includes the brands’ social, digital, print and experiential assets - is expected to complete by 31 May 2019.
Singapore-based BandLab Technologies pioneered a rapidly expanding social music creation platform and is acquiring NME and Uncut as part of its mission to grow out a major global music media business. The brands will join its media division which includes Guitar.com and MusicTech.
Marcus Rich, CEO, TI Media, says: “NME and Uncut will always have a special place in our story. Their reputation for stand-out, award-winning journalism spanning seven decades goes well beyond the world of music and I’m proud they’ve attained that status as part of our company.
“At the same time, we need to recognise that to achieve the next stage of their evolution, NME and Uncut will be better placed with a business that has music at its heart. Under BandLab Technologies’ ambitious ownership and direction, I’m confident both of these truly iconic brands will thrive.”
Meng Kuok, founder and CEO of BandLab Technologies, adds: “We are very excited to welcome NME and Uncut to the BandLab Technologies family. These brands occupy a treasured place in the UK music landscape and increasing relevance to the global music scene, which we are looking to enhance and extend. These two media brands will play an important role in continuing our vision to create a connected world of music.
“We’re especially pleased to be welcoming an experienced and knowledgeable editorial and commercial staff, to deliver cutting-edge and opinion-driven content for music lovers everywhere.”
It’s anticipated that all NME and Uncut staff will transfer with the sale and will continue to be based in the Blue Fin Building, London. There will be no interruption to Uncut’s publishing schedule.
About TI Media
TI Media’s 40-plus brands reach 14.7 million* UK adults monthly across print and digital. Its market-leading portfolio spans a range of interest areas, from entertainment and women’s lifestyle to luxury, sports and technology. Amongst its titles are household names such as Woman’s Weekly, Country Life, Ideal Home and Trusted Reviews, as well as specialist titles such as Decanter, Wallpaper*, Cycling Weekly and Horse & Hound. Its entertainment titles, including What’s on TV and TV Times, sell more than a million copies each week.
*Source: PAMCo Jan 18 - Dec 18
About BandLab Technologies
BandLab Technologies is a collective of music brands with a vision to connect the world of music. The company integrates the physical, digital and social supply chain, to enable better experiences, opportunities, and connections for all music lovers. Over 7 million creators and fans around the world use BandLab, their flagship digital product, to connect with each other and to create and share their music.
Established in 2016, the BandLab Technologies portfolio of brands continues to rapidly expand and diversify. The growing media division currently includes the popular titles Guitar.com and MusicTech.
For more information about TI Media, please contact:
Paul Phillips, Head of Communications, TI Media on 020 3148 5407 or email email@example.com
Holly McNally, Communications Manager, TI Media on 020 3148 5405 or email firstname.lastname@example.org
For more information about BandLab Technologies, please contact:
Lauren Hendry Parsons, AVP Communications & Partnerships, BandLab Technologies on +65 92727045 or email email@example.com