The saga of Guvera appears to have drawn to a close, as the music service announced that it has ceased all operations. Co-founder Claes Loberg has also stepped down as a director, as did major backer Steve Porch. Continue Reading
7digital announced that it is writing off the remaining debt it is owed by troubled streaming service Guvera. “After careful consideration and extensive negotiation with Guvera, we believe that receipt of further payments is now in doubt and have therefore made a provision against the full outstanding balance of £733,000,” the B2B digital music provider said. Continue Reading
Time is ticking down for Guvera. The Australia-based streaming service is on a deadline to pay its creditors almost $1 million by Wednesday. Continue Reading
The hits keep coming for Guvera. The company announced that its streaming service will end operation in its home country of Australia next week. Instead, Guvera plans to shift its efforts to emerging markets. Continue Reading
Darren Herft has stepped down from his position as CEO of Guvera. The co-founder left the leadership role more than a week ago following the streaming service’s rejection from listing on the Australian Securities Exchange. Continue Reading
In the midst of Guvera’s precipitous contraction in the last month, during which is was blocked from launching an IPO in the Australian market and closed the service in half of its operating territories, founder Claes Loberg says everybody misunderstands. In a video called “This Is Guvera” (see it below this article), Loberg holds forth on the service’s founding purpose. Continue Reading
Guvera has placed two subsidiaries into voluntary administration, and it is also aiming to reduce its monthly expenses. The action is the result of its planned IPO being rejected by the Australian Securities Exchange. Continue Reading
The Australian Securities Exchange has rejected Guvera’s planned IPO, informing the streaming company that it would not accept its shares. The exchange’s statement did not disclose specific reasons for the refusal. Continue Reading
Guvera has filed for an IPO in Australia. The streaming service is looking at a market value between $29 million and $58 million on the ASX exchange on Monday, July 18. The IPO looks to be a make-or-break moment in determining the company’s future. Continue Reading
Guvera has entered a partnership that will see it highlighted on the Asia’s Next Top Model television show. The streaming platform will be tasked with curating music for the program’s runway shows. Guvera has also launched a brand channel for the show in its app, which collects both music and video from the reality program. Continue Reading
The saga of Blinkbox Music has taken yet another unfortunate turn. The streaming service’s customer database has been sold to athletics retailer JD Sports. According to Music Business Worldwide, that means about 2 million people could wind up receiving marketing emails and other communications from the unrelated business. Continue Reading
Several music platforms have experimented with branded channels, and Guvera is the latest to hop on the bandwagon. The service has signed on as the official music streaming partner for the Australian Open tennis major. Continue Reading