TI Media agree sale of music titles to BandLab Technologies
TI Media has agreed to sell its music titles NME and Uncut to BandLab Technologies
Ellie Austin scored a job at Immediate Media as a Features Writer for Radio Times after graduating from the Magazine Journalism MA course at City University. Here she talks about working in the fast-paced world of a major weekly magazine and the power of a good coffee.
The deal - which includes the brands’ social, digital, print and experiential assets - is expected to complete by 31 May 2019.
Singapore-based BandLab Technologies pioneered a rapidly expanding social music creation platform and is acquiring NME and Uncut as part of its mission to grow out a major global music media business. The brands will join its media division which includes Guitar.com and MusicTech.
Marcus Rich, CEO, TI Media, says: “NME and Uncut will always have a special place in our story. Their reputation for stand-out, award-winning journalism spanning seven decades goes well beyond the world of music and I’m proud they’ve attained that status as part of our company.
“At the same time, we need to recognise that to achieve the next stage of their evolution, NME and Uncut will be better placed with a business that has music at its heart. Under BandLab Technologies’ ambitious ownership and direction, I’m confident both of these truly iconic brands will thrive.”
Meng Kuok, founder and CEO of BandLab Technologies, adds: “We are very excited to welcome NME and Uncut to the BandLab Technologies family. These brands occupy a treasured place in the UK music landscape and increasing relevance to the global music scene, which we are looking to enhance and extend. These two media brands will play an important role in continuing our vision to create a connected world of music.
“We’re especially pleased to be welcoming an experienced and knowledgeable editorial and commercial staff, to deliver cutting-edge and opinion-driven content for music lovers everywhere.”
NME Editor, Charlotte Gunn says: “We’ve been through a lot of change over the last three years, and it’s extremely exciting to have the opportunity to evolve further as a global media brand, while still maintaining the heart of what makes NME truly the NME. We’re here to be a fearless voice in the music scene, shining a light on the biggest acts and best emerging artists – all the things that have made us essential to pop culture for over nearly 70 years.”
Uncut Editor, Michael Bonner says: “As the home of great, timeless rock music, we’re looking forward to being part of a company that has music at its core. We’re thrilled to be able to continue our position of being a global music authority, bringing the most comprehensive and definitive reviews and opinion to our readers, and now with the chance to do so on a global level.”
It’s anticipated that all NME and Uncut staff will transfer with the sale and will continue to be based in the Blue Fin Building, London. There will be no interruption to Uncut’s publishing schedule.