Singapore-based music technology company BandLab Technologies has acquired TI Media’s music titles NME and Uncut. The deal includes the two publications’ social, digital and experiential assets, and is expected to be complete by 31 May.
The CEO of TI Media, Marcus Rich, said in a statement that NME and Uncut will always have a special place in the company’s story, and that he’s proud that they have attained a reputation for stand-out, award-winning journalism in their country beyond the world of music.
“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’s ambitious ownership and direction, I’m confident both of these truly iconic brands will thrive,” added Rich.
Meng Ru Kuok, founder and CEO of BandLab Technologies, said about the acquisition, “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,” he added.