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InStore Audio Network
Stingray Advertising is an American broadcasting company that provides in-store background music, music, video content and audio advertising for use in supermarkets, Pharmacy, drugstores, and other retail stores. It is owned by the Canadian media company Stingray Group and based in Princeton, New Jersey. The company was founded in 1983 as Pop Radio and was renamed to InStore Broadcasting Network (IBN) before rebranding to InStore Audio Network (ISAN) Through multiple ownership changes over the years, ISAN was acquired by Stingray in 2022 and adopted its current name later that year. History Founded in 1983 as POP Radio, ISAN was acquired by Heritage Media in 1990. The company was merged into Heritage subsidiary ActRadio, before Heritage was acquired by News America Marketing, a division of News Corporation, in 1997. Then known as the InStore Broadcasting Network, the company was spun off from News America Marketing in 2003, sold to Gary Seem and Jeff Shapiro. Its headquarters ...
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Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ...
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Ahold
Koninklijke Ahold N.V. was a Dutch multinational retail company based in Zaandam, Netherlands. Founded in 1887 by Albert Heijn Sr., the company initially began as a single grocery store in Oostzaan and became the largest grocery chain in the Netherlands in 1970s, Netherlands. The company went public in 1948. It merged with Belgium-based Delhaize Group in 2016 to form Ahold Delhaize. History Growth in the Netherlands The company started in 1887, when Albert Heijn Sr. opened the first Albert Heijn grocery store in Oostzaan, Netherlands. The grocery chain expanded through the first half of the 20th century, and went public in 1948. Under the leadership of the founder's grandsons, Albert Jr. and Gerrit Jan Heijn, the company continued to make a significant impact on food retail in the Netherlands in the next four decades, pioneering self-service shopping, and the development of private labels and of non-food as a grocery store category. The company also influenced culinary de ...
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PlayNetwork
PlayNetwork, Inc. is a provider of in-store music and entertainment for retail, restaurant, and hospitality environments. PlayNetwork merged with TouchTunes in May 2017, but in September 2021, TouchTunes sold PlayNetwork to Mood Media. History The company was founded by Kevin Robell in 1996. As a music programmer for the Tom Selleck-owned nightclub Black Orchid in Honolulu, HI during the 80s, Kevin noticed "the synergetic relationship between customers, music, and their environment"; He went on to establish PlayNetwork in Seattle with brother Gordon Robell as a digital music provider for businesses. In 1996, Adam Brotman, who was a consultant to Kevin Robell, became CEO. Adam went on to become Starbucks’ Chief Digital Officer in 2009. In 1998, PlayNetwork began a partnership with Starbucks to provide digital music systems and service to over 1,800 retail locations in North America. By 2001, the company was providing services to more than 3,500 international locations. In 20 ...
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DMX Music
DMX, Inc., formerly Audio Environments, Inc., and later AEI Music Network, Inc., is a "multi-sensory" branding agency based in Austin, Texas. DMX also provides music for cable and satellite television networks worldwide, including DSTV in Africa. It was the first company to offer music by satellite. It has been part of Mood Media since around 2012. History In 1971 Audio Environments, Inc. was founded in Seattle as a music service to license and program original artist music for businesses. Customers did not want to hear the commercials on radio programs, and by the 1970s Muzak was out of favor. AEI's music programs were provided on broadcast cartridges which played continuously. In the 1980s, the company began providing services to international airlines, dental offices and residential and cable television systems. In the mid-'80s tape distribution was replaced with direct satellite broadcasting. In 1990 International Cablecasting Technologies Inc. launched the service cal ...
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Muzak
Muzak is an American brand of background music played in retail stores and other public establishments owned by Mood Media. The name ''Muzak'', a blend of music and the popular camera brand name Kodak, has been in use since 1934 and has been owned by various companies. The word ''Muzak'' has been a registered trademark of Muzak LLC since December 21, 1954. In 1981, Westinghouse bought the company and ran it until selling it to the Fields Company of Chicago, publishers of the ''Chicago Sun-Times'', on September 8, 1986. Muzak was based in various Seattle, Washington, locations from 1986 to 1999, after which it moved its headquarters to outside Charlotte in 2000. Formerly owned by Muzak Holdings, the brand was purchased in 2011 by Mood Media in a deal worth US$345 million. In the United States, due in part to the market dominance of Muzak Holdings, ''Muzak'' came to be used to refer to most forms of background music, regardless of source. The term is also commonly use ...
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Mood Media
Mood Media Corporation is an international in-store provider of music, digital signage, hold music, on-hold messaging, scent, integrated audio/video, and interactive mobile marketing products. It was founded in 2004, and is based in Austin, Texas. The company provides services to a variety of retailers and other business verticals such as restaurant, financial, healthcare, hospitality and QSR. Mood Media Corporation has expanded its product offerings through acquisitions of Somerset Entertainment in Canada, BIS Group in Europe, and Trusonic, AEI Music Network Inc., Muzak, DMX, Technomedia, and GoConvergence in the United States. Malcolm McRoberts is the CEO of Mood Media Corporation. Company history Mood Media Corporation was founded in 2004, as Fluid Music Canada. It held an initial public offering in June 2008 on the Toronto Stock Exchange. The company offered stock at $2 per share, which subsequently raised $27 million. The company rebranded itself as Mood Media in June ...
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Southeastern Grocers
Southeastern Grocers (formerly BI-LO (United States), Bi-Lo Holdings) is an American supermarket Portfolio (finance), portfolio headquartered in Jacksonville, Florida. The portfolio was created by Lone Star Funds in September 2013 as the new parent company for Harveys Supermarkets, Harveys, Winn-Dixie, and Fresco y Más. Southeastern Grocers was rated #31 in the Forbes 2015 ranking of America's Largest Private Companies. History BI-LO Holdings under Lone Star Funds In December 2004, private equity firm Lone Star Funds acquired BI-LO Holdings, which included the BI-LO (United States), BI-LO and Bruno's supermarket chains, from Ahold. In March 2007, Lone Star spun off Bruno's, Food World, and Food Max stores from BI-LO. By March 2009, BI-LO had filed for Chapter 11, Title 11, United States Code, chapter 11 bankruptcy. Lone Star provided a $350 million cash infusion and it managed to emerge from bankruptcy in May 2010. On December 19, 2011, it was announced that BI-LO and Winn-D ...
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