Singapore’s BandLab Technologies have just added another feather to their cap, announcing the acquisition of noted music publications NME and Uncut.
Over the last few years, BandLab Technologies have slowly been making a name for themselves as one of the most prominent figures in global music.
Kicking things off back in 2016, BandLab Technologies have been expanding their portfolio rapidly, now boasting the likes of Guitar.com and MusicTech.
Having purchased 49% of iconic magazine Rolling Stone back in 2016, the collective made headlines in February, selling their share of Rolling Stone to Penske Media Corporation, giving the company full control of the publication in the process.
Now, it seems that BandLab Technologies have been looking to get back into the world of music publications, announcing the acquisition of NME and Uncut.
Speaking of their decision to sell the magazines, TI Media CEO Marcus Rich explained that, “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,” Rich added.