Utopia Music

News and commentary about Switzerland based music technology company Utopia Music AG

24 posts

public

A Swiss court has initiated bankruptcy proceedings against Proper Group AG

The disaster-unicorn formerly known as Utopia Music has been served with bankruptcy proceedings after a specialist blockchain law firm took legal action over a CHF 23,000 debt. Proper Group AG told CMU today that the debt has been settled, and it’s confident it can head off the bankruptcy action…

Sam Taylor • 26 Sep 2024

Utopia swings the axe again with significant job losses across remaining non-UK operations

public

Utopia Music • 4 min read

Utopia swings the axe again with significant job losses across remaining non-UK operations

More popcorn than Unicorn: the Utopian misadventure is effectively over. Utopia Music AG is now Proper Group AG with the company saying it is entering a “new era”…

Sam Taylor • 13 May 2024

Utopia! Whotopia? The Swiss music company has a Proper strategy…

public

Utopia Music • 4 min read

Utopia! Whotopia? The Swiss music company has a Proper strategy…

What does a defunct 1990s London-based ad agency have to do with Swiss music company Utopia? It involves a fat man smothered in orange body paint, a tin of quick drying wood preservative, and an ill-considered photo shoot described to CMU as “looking like it took place in a brothel”...…

Sam Taylor • 28 Mar 2024

Utopia Music has a new CEO. Again. In fact, it's now got three CEOs.

public

Utopia Music • 4 min read

Utopia Music has a new CEO. Again. In fact, it's now got three CEOs.

Another day, another Utopia CEO. Michael Stebler, leader of Utopia's Christmas Coup, is now Utopia's Group CEO - with most recent CEO Alain Couttolenc moved sideways and downwards. It's like musical snakes and ladders.…

Sam Taylor • 12 Jan 2024

More changes at Utopia as investors demand more control, increased oversight

public

Utopia Music • 4 min read

More changes at Utopia as investors demand more control, increased oversight

EGM at Utopia sees new chair appointed, Hjelmstedt to step back but keep board seat, €15 million fresh investment from syndicate of existing investors.…

Sam Taylor • 21 Dec 2023

UDS says it shipped 3,360,067 units last month, as stability seems to return to the UK physical music supply chain

public

Utopia Distribution Services • 2 min read

UDS says it shipped 3,360,067 units last month, as stability seems to return to the UK physical music supply chain

Physical distributor UDS says that November was its busiest month since it acquired the assets of Cinram Novum last year. It shipped 3,360,067 units, a 26% increase on October…

Chris Cooke • 14 Dec 2023

Latest payment delays at Utopia lead to new SourceAudio lawsuit

public

Utopia Music • 2 min read

Latest payment delays at Utopia lead to new SourceAudio lawsuit

Utopia has been sued for a second time by an LA-based rights management platform that it originally planned to buy…

Chris Cooke • 27 Oct 2023

Alain Couttolenc appointed as new CEO of Utopia Music

public

Utopia Music • 2 min read

Alain Couttolenc appointed as new CEO of Utopia Music

Alain Couttolenc has been appointed as the new CEO of Utopia Music. Couttolenc has most recently worked at IPSOS as Chief Development Officer, and before that as CEO Europe for Nielsen Media…

Sam Taylor • 19 Oct 2023