Archive for July, 2015

Anakando Media Group buys stake in MondoTunes

Sunday, July 12th, 2015

BVI-registered digital media company Anakando Media Group has purchased a large stake in MondoTunes, the world’s largest digital music distributor working with independent artists and providing access to more than 600 stores around the world including iTunes, Amazon, Spotify. Anakando will make use of technology and expertise developed by MondoTunes to launch MondoVideo. Also, MondoTunes platform will distribute original programming created by Anakando’s FilmOn Originals, ETV.com and Hologram USA, and the largest privately held film library in the world.

Alki David, CEO of Anakando Media Group, said in his comments to the merger deal: “With MondoTunes we really are democratizing the world of music—giving tools to artists that let them operate at the same level as an artist with a major label … And the platform will work together with our other divisions—FilmOn, Hologram USA and Class 15—to expand the reach even further.”

The MondoTunes platform will be relaunched with a new user experience and an innovative subscription model. By words of Javan Mershad, Co-CEO of MondoTunes, the transaction makes the company “the most dominant global source for independent artists worldwide.”