PlusFourSix Acquires Global Media Bank

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PlusFourSix strengthens its offering within digital entertainment through the acquisition of Global Media Bank.

“The next step in PlusFourSix growth plan is to expand to the rest of Europe, mainly by offering different types of music solutions to mobile phone operators and other digital music retailers.”

Global Media Bank is a pioneer within music rights management and digital content operations in the Scandinavian market. Global Media Bank was founded in 2008 and has aggregated one of the world's largest music databases, with over 7 million songs. The company has agreements with all leading record labels, including EMI, Sony, Universal and Warner.

Global Media Bank's clients include Spotify and the mobile operator 3 in Sweden and Denmark.

"Together with PlusFourSix, we will be able to offer turn-key digital music subscription services to mobile operators, ISPs, digital music retailers and consumer brands," says Jan Nordlund, CEO of Global Media Bank.

PlusFourSix has since 2004 managed Samsung's mobile content portal in Sweden, Norway, Denmark and Finland. PlusFourSix also handles all steps in the value chain for Sony Ericsson when the handset manufacturer uses music, movies and games to promote and launch new handsets.

A wide range of new and innovative music consumption models has created opportunities to generate recurring revenue from digital media. A recent study from Synovate states that 21% of all music consumers are regularly using a streaming service and that 8% have paid a monthly fee to listen to music on their mobile phone.

"Through the acquisition of Global Media Bank, we are now delivering solutions and services to most of Scandinavia's largest music players. The next step in PlusFourSix growth plan is to expand to the rest of Europe, mainly by offering different types of music solutions to mobile phone operators and other digital music retailers,” concludes Niklas Stalberg, CEO of PlusFourSix AB

For more information contact:
Niklas Stalberg, CEO of PlusFourSix AB, +46761 662 330, niklas.stalberg (at) plusfoursix (dot) com

About PlusFourSix AB
PlusFourSix is the leading provider of digital entertainment services in Scandinavia. PlusFourSix delivers turnkey solutions for music, movies and games for mobile phone operators, handset manufacturers, digital stores and consumer brands. Read more at http://www.plusfoursix.com

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Niklas Stalberg
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