July 25, 2016 6:07 AM ET

Technology Hardware, Storage and Peripherals

Company Overview of TouchTunes Music Corporation

Company Overview

TouchTunes Music Corporation provides interactive, music-on-demand, digital downloading jukeboxes to the coin operated machine industry across the United States. It is also involved in the digital distribution of music content to interactive, music-on-demand applications. The company’s music-on-demand application, ‘digital jukeboxes’, utilizes digitally compressed audio technology to distribute music titles through a distribution network. It is also developing technology for other music on demand applications. The company offers its digital jukeboxes to the jukebox operators, as well as provides additional music services. As of September 30, 2005, it played approximately 30 million songs to ...

850 Third Avenue

Suite 15C

New York, NY 10022

United States

Founded in 1990

105 Employees

Phone:

212-991-6540

Fax:

646-365-0011

Key Executives for TouchTunes Music Corporation

Chairman and Chief Executive Officer
President and Chief Operating Officer
Co-Founder, Executive Vice President of Technology, Technical Advisor and Director
Age: 72
Chief Financial Officer and Executive Vice President
Age: 53
Senior Vice President and General Counsel
Compensation as of Fiscal Year 2016.

TouchTunes Music Corporation Key Developments

Touchtunes Music Corporation Names Ross Honey as New President and Chief Operating Officer

TouchTunes Music Corporation named Ross Honey as its new President and Chief Operating Officer. Based in New York, Honey will assume responsibility for sales, marketing, engineering, product management, music, the company’s Attract Media advertising group, and other core operating functions. He will report directly to Charles Goldstuck, Chairman and Chief Executive Officer of TouchTunes. Honey joins TouchTunes from Microsoft where he has spent the last ten years in an array of leadership roles in content, product management, and advertising, including serving as General Manager of Xbox Advertising and Entertainment. Prior to Microsoft, Honey was the Vice President, Strategy and Business Development at Scholastic Media, the TV, film and software division of Scholastic Inc. Before that, he was a management consultant in the media & entertainment practice of Booz-Allen & Hamilton.

TouchTunes Reportedly Explores Sale

TouchTunes Music Corporation whose investors include 3i Group plc (LSE:III) and VantagePoint Capital Partners is reportedly exploring a sale that could fetch roughly $500 million. TouchTunes is working with investment bank Moelis & Co to help find a buyer. There is probably no strategic buyer for the company so it will likely be sold to a private equity firm, one of the people familiar with the matter told Reuters. A spokeswoman for Moelis declined to comment, while a representative from TouchTunes did not immediately respond to a request for comment.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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