Audio Network is a UK-based production music company founded in 2001.
The company is home to a catalog of over 190,000 tracks ready to be licensed for TV, film, advertising and corporate video.
Those tracks have been created by over a thousand composers, singer-songwriters as well as both established and emerging artists.
The Sunday Times listed Audio Network as one of the UK’s fastest growing companies in multiple years (Tech Track 2011-2013; Profit Track 100 2013- 2015; SME Export track 2015; Les Champions de la Croissance 2017).
Entertainment One acquisition
The buyout was valued at approximately US $215 million.
The announcement of the acquisition was made today by eOne’s President and CEO Darren Throop, alongside its Global President, Music Chris Taylor.
Darren Throop said: “As we continue to unlock the power and value of creativity for artists, we are very pleased to welcome Audio Network, whose passionate management team and ambition align entirely with ours. The combination of eOne’s front-end commercial artist catalogue and Audio Network’s extensive premium production music creates a one-stop solution for business customers seeking high-quality music.”
Audio Network’s annual operating income stood at GPB £9.62m in 2018, according to the British company’s annual filings.Music Business Worldwide