{"id":91343,"date":"2021-09-21T17:45:39","date_gmt":"2021-09-21T16:45:39","guid":{"rendered":"https:\/\/moodmedia.com\/uncategorized-ie\/mood-media-acquires-playnetwork\/"},"modified":"2022-05-23T17:15:38","modified_gmt":"2022-05-23T16:15:38","slug":"mood-media-acquires-playnetwork","status":"publish","type":"post","link":"https:\/\/moodmedia.com\/ie\/news-ie\/mood-media-acquires-playnetwork\/","title":{"rendered":"Mood Media Acquires PlayNetwork"},"content":{"rendered":"<p align=\"center\"><span style=\"font-family: Calibri, serif;\"><i>Leading provider of audio and visual solutions to expand Mood Media\u2019s product offerings<\/i><\/span><\/p>\n<p align=\"justify\"><span style=\"font-family: Calibri, serif;\"><b>SAN FRANCISCO \u2013 September 21, 2021 &#8212;<\/b><\/span><span style=\"font-family: Calibri, serif;\"> Mood Media (the \u201cCompany\u201d), the world&#8217;s leading in-store media solutions company driving elevated Customer Experiences, today announced it has acquired PlayNetwork, a global music technology partner and audiovisual systems provider supporting customer experience for brands worldwide from Octave Group. Financial terms of the transaction were not disclosed. <\/span><\/p>\n<p align=\"justify\"><span style=\"font-size: small;\"><span style=\"font-family: Calibri, serif;\">PlayNetwork offers in-store and digital curated music, original and managed video programs, content licensing, audio visual systems, digital signage, and consumer insights to over 400 customer brands at more than 100,000 locations in 115 countries. <\/span><\/span><\/p>\n<p align=\"justify\"><span style=\"font-family: Calibri, serif;\">Malcolm McRoberts, Chief Executive Officer of Mood Media, said, \u201cPlayNetwork\u2019s customer-focused approach and global, blue-chip clientele is a terrific fit with Mood Media\u2019s existing business, and further enhances our efforts to expand our product offerings and technology solutions. We look forward to integrating the PlayNetwork team into the Mood family &#8211; continuing to deliver top-tier consumer connection solutions for our customers.\u201d <\/span><\/p>\n<p align=\"justify\">\u201c<span style=\"font-family: Calibri, serif;\">This is an exciting outcome for PlayNetwork, and we thank the entire team for their tremendous contributions and partnership,\u201d said Ross Honey, President and CEO of Octave Group. \u201cMood Media shares PlayNetwork\u2019s commitment to innovation and ensuring the long-term success of our customers and valued employees. The full resources of Mood Media will best position the company to take the next steps in its evolution and deliver the unparalleled execution and collaboration PlayNetwork customers rely on.\u201d<\/span><\/p>\n<p align=\"justify\"><span style=\"font-family: Calibri, serif;\">Paul Hastings LLP served as legal counsel to Mood Media on the transaction. Paul, Weiss, Rifkind, Wharton &amp; Garrison LLP acted as legal counsel and LionTree Advisors served as exclusive financial advisors to Octave Group. <\/span><\/p>\n<p align=\"justify\"><span style=\"font-family: Calibri, serif;\"><b>About Mood Media<br \/>\n<\/b><\/span><span style=\"font-family: Calibri, serif;\">Mood Media is the world\u2019s leading in-store media solutions company dedicated to elevating the Customer Experience. We create greater emotional connections between brands and consumers through the right combination of sight, sound, scent, social and systems solutions. We reach more than 150 million consumers each day through more than 500,000 subscriber locations in 100+ countries around the globe. Mood\u2019s customers include businesses of all sizes and market sectors, from the world\u2019s most recognized retailers and hotels to quick-service restaurants, local banks and thousands of small businesses. For more details: <\/span><span style=\"color: #0000ff;\"><u><a href=\"http:\/\/www.moodmedia.com\/\"><span style=\"font-family: Calibri, serif;\">www.moodmedia.com<\/span><\/a><\/u><\/span><span style=\"font-family: Calibri, serif;\">.<\/span><\/p>\n<p align=\"justify\"><span style=\"font-family: Calibri, serif;\"><b>About PlayNetwork<br \/>\n<\/b><\/span><span style=\"font-family: Calibri, serif;\">PlayNetwork helps brands use music and entertainment media to enhance customer experience, in-store and beyond. These experiences add emotional interaction points that increase engagement with consumers and influence lifetime value. Clients work with PlayNetwork for custom music and media supervision, audio\/visual systems engineering and installation, branded entertainment campaigns, technology and software development, global music and content licensing, original video and motion graphics, in-store and on-hold messaging, advertising networks, and more. We partner with over 400 brands across more than 100,000 locations in 115 countries, reaching more than 100 million people every day. For more information, visit <\/span><span style=\"color: #0000ff;\"><u><a href=\"http:\/\/www.playnetwork.com\/\"><span style=\"font-family: Calibri, serif;\">www.playnetwork.com<\/span><\/a><\/u><\/span><span style=\"font-family: Calibri, serif;\">.<\/span><\/p>\n<p align=\"justify\"><span style=\"font-family: Calibri, serif;\"><b>About Vector Capital<br \/>\n<\/b><\/span><span style=\"font-family: Calibri, serif;\">Vector Capital is a San Francisco-based leading global private equity firm focused on transformative investments in technology and technology-enabled businesses. Founded in 1997, Vector oversees approximately $4 billion of capital across its private equity and credit strategies from a variety of investors including university endowments, foundations, and financial institutions. Vector exclusively focuses on investments within the technology sector and has built a successful track record of executing buyouts, carve-outs, recapitalizations, minority, and credit investments. With our disciplined approach to valuation and deep-rooted operational experience, Vector has generated competitive returns and established a successful track record spanning 24 years. More information is available at <\/span><span style=\"color: #0000ff;\"><u><a href=\"https:\/\/www.vectorcapital.com\/\"><span style=\"font-family: Calibri, serif;\">https:\/\/www.vectorcapital.com<\/span><\/a><\/u><\/span><span style=\"font-family: Calibri, serif;\">.<\/span><\/p>\n<p align=\"justify\"><span style=\"color: #000000;\"><span style=\"font-family: Calibri, serif;\"><b>Contacts:<\/b><\/span><\/span><\/p>\n<p align=\"justify\"><span style=\"color: #000000;\"><span style=\"font-family: Calibri, serif;\">For Mood Media:<br \/>\n<\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Calibri, serif;\">Caroline Traylor \/ PR &amp; Communications Director<br \/>\n<\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Calibri, serif;\">caroline.traylor@moodmedia.com<br \/>\n<\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Calibri, serif;\">(210) 365-8761<\/span><\/span><\/p>\n<p align=\"justify\"><span style=\"color: #000000;\"><span style=\"font-family: Calibri, serif;\">Nathaniel Garnick \/ Grace Cartwright<br \/>\n<\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Calibri, serif;\">Gasthalter &amp; Co.<br \/>\n<\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Calibri, serif;\">(212) 257-4170<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leading provider of audio and visual solutions to expand Mood Media\u2019s product offerings SAN FRANCISCO \u2013 September 21, 2021 &#8212; Mood Media (the \u201cCompany\u201d), the world&#8217;s leading in-store media solutions company driving elevated Customer Experiences, today announced it has acquired PlayNetwork, a global music technology partner and audiovisual systems provider supporting customer experience for brands [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4697],"tags":[],"class_list":["post-91343","post","type-post","status-publish","format-standard","hentry","category-news-ie"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v27.3) - 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