Utopia Music sale of ROSTR (2023)
deal·acquisition·active
Utopia Music reportedly sold ROSTR back to founders Mark Williamson and Adam Watson; terms were not disclosed.
Recorded facts
| Official site | https://www.musicbusinessworldwide.com/utopia-sells-music-directory-platform-rostr-back-to-founders/ ↗ |
|---|---|
| Geography | Switzerland and United States |
| seller | name: Utopia Music · research key: org_utopia_music |
| target | name: ROSTR · research key: org_rostr |
| acquirer | name: ROSTR founders (legal vehicle unresolved) |
| deal type | acquisition |
| closing date | unknown |
| source classes | specialist_trade_reporting |
| announcement date | 2023-02-07 |
| transaction state | secondary_reported_complete |
| transaction value | qualifier: unknown · disclosure state: not_publicly_disclosed |
| strategic rationale | Part of Utopia Music's strategic reorganization and refocus on music financial infrastructure. |
Current
| acquired target | ROSTR 2023-02-07 — nowSource 1 ↗ REPORTED medium confidence |
|---|---|
| seller in (by) | Utopia Music 2023-02-07 — nowSource 1 ↗ REPORTED medium confidence |
Sources & changes
Checked 10d ago · mediumhow verification works
Field-level evidence
Public change history
- Status unknown → active
- Official URL unknown → www.musicbusinessworldwide.com/utopia-sells-music-directory-platform-rostr-back-to-founders
- Record maintenance · 12 fields updated
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