Utopia Music CEO Plans to Hold Onto Distribution Services Amid Company Cutbacks

  • 📰 billboard
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Mattias Hjelmstedt claims the Swiss-based tech company is on a “clear path to profitability” and won’t be offloading its U.K. distribution businesses.

, resulting in the loss of another 25 jobs. In under one year, the firm’s global workforce has been trimmed from approximately 1,200 staff to around 440.legal action from U.S. music technology company SourceAudio

Key to its future growth, Hjelmstedt says, will be its two main physical music distribution entities: Proper Music Group, which provides distribution services for over 5,000 indie labels and service companies, and Utopia Distribution Services .

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 112. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Georgia company lands in North Fort Worth with huge shipping hubGeorgia-based electrical component firm plans huge Fort Worth hub.
Source: dallasnews - 🏆 18. / 71 Read more »