Audio Network Rights Limited
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Audio Network Rights Limited - overview
Established
2001
Location
London, -, UK
Primary Industry
Media
About
Based in London, UK, and founded in 2001 by Andrew Sunnucks, and Robert Hurst, Audio Network Rights Limited, a. k. a. Audio Network operates as an international music company that focuses on creating and publishing music for film, television, advertising, and digital media, with streamlined owned rights.
In July 2013, Stripes Group acquired a 27% minority stake in Audio Network Limited. In April 2019, Entertainment One Ltd. agreed to acquire Audio Network Limited from Stripes Group for GBP 165 million. In April 2023, Audio Network acquired Voodoo Tracks.
As of April 2023, Robb Smith is the CEO of the company. The company provides original music for broadcasters, brands, creators, and music fans. The music of Audio Network is featured in television and advertising productions via user-generated content on digital and social platforms, with customers across TV broadcast, advertising, digital media, and enterprise industries. In addition, the firm also provides licensing services for small production companies and agencies to create corporate videos and digital adverts.
As of April 2023, the Audio Network catalog comprises more than 200,000 tracks. The company generates revenue from providing single-track licenses, which costs USD 800 for digital advertising, USD 600 for social advertising, and USD 120 for corporate. In addition, Audio Network generates revenue from publishing royalties. With the acquisition of Voodoo Tracks, Audio Network plans to enhance its Latin music genre offering.
Primary Industry
Media
Sub Industries
Intellectual Property, Music & Video Streaming Software, Music Production & Distribution, Digital Media
Website
www.audionetwork.com
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Audio Network Rights Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Audio Network Rights Limited | - | ||||||||
| Secondary Buyout | Completed | Audio Network Rights Limited | - |
Displaying 1 - 2 of 2
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.