@stuartdredge: Digital Music Firm Omniphone Placed in Administration

B2B DIGITAL-MUSIC FIRM OMNIFONE HAS BEEN PLACED INTO ADMINISTRATION, RESULTING IN THE LAYOFF OF UP TO 70 STAFF AS IT SEEKS A BUYER FOR THE COMPANY’S TECHNOLOGY ASSETS.

The UK-based company’s clients include Samsung, SiriusXM, Guvera and Neil Young’s PonoMusic. It is unclear at the present time what the administration means for their services….

The company was facing strong competition, not least from fellow British firm 7digital, which has been picking up a succession of B2B contracts in recent years.

Read the story on MusicAlly.