Home › DMW Daily › July 7, 2009

Mobile Entertainment Firm Dada Reduces Headcount

Authored by Mark Hefflinger on July 7, 2009 - 7:28am.
New York - Dada Entertainment, a mobile entertainment distribution joint venture between major label Sony (NYSE: SNE) Music and Europe's Dada SpA, has laid off an undisclosed number of staffers in the wake of Sony exiting the venture last week, Billboard reports.

Sony will now instead invest directly in the company, which operates the Dada.net service.

Dada CEO Massimiliano Pellegrini would not comment on the number of layoffs for Billboard, but said they were related to redundancies created by the integration of Dada Entertainment into Dada.net.

"Overall we are very excited about this transaction because now the partnership with Sony Music is extended to a worldwide level and we really launch global services leveraging the content agreement that we have with them," Pellegrini told Billboard.

 

Related Links:
http://snipurl.com/mb347 (Billboard)

http://www.dada-ent.com

Published in DMW Daily, July 7, 2009
tags: Mobile | Music | Layoffs | Sony Music | Dada Entertainment |



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