Back in April RePlay reported on a new merger in the works between TouchTunes and PlayNetwork, a background music provider and more. That merger was finalized on May 25, and both companies are gearing up to move forward with combined resources.
“Today is a defining moment for our company, and hugely transformative for our partners and customers that prioritize customer experience to drive revenue,” said Ross Honey, president and CEO of TouchTunes.
Craig Hubbell, president and CEO of PlayNetwork said, “This deal creates a powerful business and signifies a major step forward in our industry. Together we will accelerate our efforts to create the most comprehensive technology platform, music library, premium services and advanced capabilities our customers need most. This next wave of innovation will help businesses adapt to change and ultimately transform the way people seamlessly discover, access, and share branded media experiences.”
The combined company has headquarters in New York City and Seattle, with offices in Chicago, Columbus, Hong Kong, London, L.A., Montreal, Santiago and Vancouver.