London, UK / Ingolstadt, Germany:
Media-Saturn-Holding GmbH has acquired a controlling interest in 24-7 Entertainment, Europe’s leading B2B digital distribution provider specializing in online and mobile distribution of music, music video and ringtones. The company, which was founded in 2000, operates 41 download stores in 13 countries and has license agreements in place with over 12,000 labels including all the major record companies and independent labels.
For the complete story, please see the press release attached and The New York Times and Billboard. articles.