Omnifone in administration

Written by companyrescuelondonadmin 3 April 2017

Digital music platform provider, Omnifone, went into administration last week on the 4th May. Andrew Duncan and Neil Bennett, of Leonard Curtis Business Solutions Group, were appointed as joint administrators. Most of the 70 staff are being laid off.

Omnifone had a turnover of £38.5m but made a loss of £6.9m. Omnifone clients included Neil Young’s Pono Music, Samsung Milk Music, and Japanese messaging service offshoot, Line Music.

Doug Imrie moved into the role of CEO, from chief operating officer and MD. He replaced Jeff Hughes, who became chairman. The staff change was said to lead a “transition in business strategy”, as the loss-making company switched tactics.

Recently the company launched its Global Metering Hub, a tool to enable real-time performance and consumption reporting from digital media distribution platforms to content rights-holders.