Guvera looking to offload Blinkbox Music just six months after buying it

Blinkbox Music started out the year with so much promise. The music service was sold by UK retailer Tesco to a new owner, up-and-coming streaming platform Guvera.

Unfortunately, things have gone south with the new alliance. Guvera placed Blinkbox into administration in early June and let 100 of its staff members go. “The company has faced significant financial pressure in recent months, since its acquisition by the Guvera group,” said Finbarr O’Connell, one of the joint administrators for Blinkbox. Continue Reading

Guvera officially acquires Blinkbox Music

Rumors started circulating last month about Blinkbox Music coming under Guvera’s wing, and those speculations were confirmed today. Guvera has purchased the music streaming platform from UK retailer Tesco. Financial terms of the deal were not released. The music service has 2.5 million registered users for its app and delivers about 100 million streams a month. Continue Reading

U.K’s Tesco sells Blinkbox video service; music service could be next

Beleaguered retailer Tesco, which owns 3,300 stores in the U.K., and a portfolio of media assets under the Blinkbox brand, has reportedly sold its video Blinkbox service to phone company TalkTalk. Blinkbox Music, which announced a million streams last September, is not part of the deal, but a buyer is reportedly lined up. Continue Reading