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posted by martyb on Tuesday July 14 2020, @12:57AM   Printer-friendly
from the mooed-music? dept.

https://www.digitalmusicnews.com/2020/07/10/muzak-parent-mood-media-bankruptcy/

Mood Media (formerly Fluid Music Canada) noted its intention to move forward with the Chapter 11 filing in a recently published release [pdf]. Along with the bankruptcy plans, the announcement shed light upon a restructuring support agreement (RSA) with lenders, designed to reduce Mood Media’s debt by over $400 million, and $240 million in new financing to maintain liquidity amid the COVID-19 crisis.

Moreover, Mood Media relayed that it (like most other companies that seek Chapter 11 protection) plans to continue operating throughout the bankruptcy process, as it did while restructuring some $650 million in debt through a Chapter 15 filing in 2007. To be sure, Muzak itself filed for Chapter 11 bankruptcy protection in 2009, emerged from the corresponding proceedings in 2010, and was purchased by Mood Media for a reported $345 million in 2011.

In addition to Muzak, Mood Music has acquired several background music providers, including Trusonic, Technomedia, and its sister company, GoConvergence, during the last decade or so. The company also possesses Somerset Entertainment, a kiosk-based music distributor, Austin branding agency DMX, European audio-visual installation provider BIS Group, and former Muzak independent affiliate South Central A\V.


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  • (Score: 3, Insightful) by Anonymous Coward on Tuesday July 14 2020, @01:17AM (1 child)

    by Anonymous Coward on Tuesday July 14 2020, @01:17AM (#1020894)

    Instead of charging people to play their music, they should charge people not to play it. Demand would go through the roof!

    • (Score: 2) by FatPhil on Tuesday July 14 2020, @07:33AM

      by FatPhil (863) <pc-soylentNO@SPAMasdf.fi> on Tuesday July 14 2020, @07:33AM (#1021109) Homepage
      Didn't Ted Nugent buy up exclusive rights to their entire back catalogue decades back when he heard a bastardisation of one of his songs being played in a lift, and wanted to ensure noone else went through that horror?

      Unfortunately, that's the Cobra Fallacy.

      Ahh, fukkit, now playing: http://www.youtube.com/watch?v=4AqKjjhET2k
      --
      Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
  • (Score: 2, Interesting) by Snotnose on Tuesday July 14 2020, @01:24AM (8 children)

    by Snotnose (1623) on Tuesday July 14 2020, @01:24AM (#1020900)

    I remember back in the 60s, my parents forced me to go to church where they would rail about the evils of The Beatles, amongst other things. The problem? The religious radio station my parents listened to on the way to church played Muzak versions of, you guessed it, Beatles songs.

    Buncha fucking hypocrites all around. Not the least bit sorry to hear Muzak is finally swirling the toilet bowl, where they should have been 40 years ago.

    Oh, you ask when is the last time I was in a church? 2.5 years ago for dad's funeral (the church he help found), and 5 years for mom's funeral. Before that? When I was 18 and could move out of the house without dad calling the cops on me.

    --
    Why shouldn't we judge a book by it's cover? It's got the author, title, and a summary of what the book's about.
    • (Score: 0) by Anonymous Coward on Tuesday July 14 2020, @01:42AM (2 children)

      by Anonymous Coward on Tuesday July 14 2020, @01:42AM (#1020909)

      Both my grandparents were Southern Baptist country preachers... And Dad tried to raise me in the ways of the church, but the main thing all that "discipline" taught me was how wrong it is to compel others by demonstrations of one's ability to inflict physical pain on another.

      Just because one has silenced another, that does not mean one has converted another. In all truth, likely the opposite happened. Too many authority types use fear as a motivator. I see this a lot in gang type leadership styles. It usually ends up in runaway subordinates at best, or if taken further, someone gets shot.

      • (Score: 2) by FatPhil on Tuesday July 14 2020, @07:45AM (1 child)

        by FatPhil (863) <pc-soylentNO@SPAMasdf.fi> on Tuesday July 14 2020, @07:45AM (#1021114) Homepage
        Yeah, but those Catholic girls when they reach university - amirite?
        --
        Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
        • (Score: 3, Interesting) by Opportunist on Tuesday July 14 2020, @03:05PM

          by Opportunist (5545) on Tuesday July 14 2020, @03:05PM (#1021265)

          If you talk to god, it's called prayer.
          If god talks to you, it's called crazy.

    • (Score: 0) by Anonymous Coward on Tuesday July 14 2020, @02:12AM (1 child)

      by Anonymous Coward on Tuesday July 14 2020, @02:12AM (#1020939)

      As somebody that works in a retail establishment, I'd much prefer to be listening to Muzak all day than actual songs. Muzak was largely developed to be something that you could hear without really having to listen to. Whereas most other commercial music is set up to demand you listen to the same few songs over and over again.

    • (Score: 2) by FatPhil on Tuesday July 14 2020, @07:43AM (1 child)

      by FatPhil (863) <pc-soylentNO@SPAMasdf.fi> on Tuesday July 14 2020, @07:43AM (#1021113) Homepage
      My last was for my mum's funeral, the church I spent the first 20 years of my life attending (I'm not super-complaining, I did like the music, and I still do despite now being a rampant igtheist). A funeral where I had the task of a bible reading - no biggy, I'm a competent orator. Alas, and I'm not sure how much of a coincidence it was, the reading, chosen by my dad, was a passage about how apostates were damned. Erm, thanks dad!
      --
      Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
      • (Score: 3, Interesting) by Opportunist on Tuesday July 14 2020, @03:07PM

        by Opportunist (5545) on Tuesday July 14 2020, @03:07PM (#1021266)

        Next time, read them Ezechiel 23. If the pastor lets you get to vers 20, he doesn't know the Bible.

    • (Score: 2) by turgid on Wednesday July 15 2020, @09:55PM

      by turgid (4318) Subscriber Badge on Wednesday July 15 2020, @09:55PM (#1022117) Journal

      You pour soul. One of my grandmothers made it to 102 and she had a Humanist funeral.

  • (Score: 3, Funny) by Megahard on Tuesday July 14 2020, @02:49AM

    by Megahard (4782) on Tuesday July 14 2020, @02:49AM (#1020970)

    Nobody is taking elevators any more.

  • (Score: 2) by Tokolosh on Tuesday July 14 2020, @02:37PM

    by Tokolosh (585) on Tuesday July 14 2020, @02:37PM (#1021255)

    These companies should all die. Together with anyone who thinks they are entitled to inflict their noise on me. If you want to listen to something, get earbuds.

    https://en.wikipedia.org/wiki/Pipedown_(campaign) [wikipedia.org]
    https://www.tvbgone.com/ [tvbgone.com]

    Bluetooth speakers are the work of the devil.

  • (Score: 3, Touché) by Opportunist on Tuesday July 14 2020, @03:10PM

    by Opportunist (5545) on Tuesday July 14 2020, @03:10PM (#1021267)

    The mandatory good news of the day so we don't get depressed?

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