destra Acquires Mess+Noise Music Community Website
22nd January, Melbourne; destra Corporation Limited (destra) (ASX:DES) Australia’s
leading independent digital media and entertainment company, today announced the
acquisition of leading online rock music website, Mess+Noise www.messandnoise.com
for an undisclosed sum.
This acquisition extends destra’s capacity to deliver credible and compelling content and
create advertising opportunities on a multi-platform basis around targeted, online
communities, particularly in the X & Y demographic.
According to Nielsen Online Market Intelligence December 2007 statistics, destra’s
monthly unique browsers grew by 30%, and the addition of Mess + Noise positions destra
as the leading independent digital publisher of entertainment content in Australia.
Mess+Noise will be promoted across destra’s digital, physical publishing and
broadcasting platforms, enabling collaboration with destra’s other music communities
such as www.threedworld.com.au , www.centralstation.com.au and www.mp3.com.au.
-Ends-
Discussions
Destra buys Mess and Noise
KevinArnold said about 2 years ago or at 10:38AM on Tuesday, January 22 2008.
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Bye bye sweet world
is this a joke?
No.
wow.
snorts with laughter
time to step up the paedo jokes and Casiopias flame wars, methinks.
that'll learn 'em.
Danny?
DANNY?!!!
I agree with Kandos
''Our music catalogue is comprised of over 4,500 titles on CD and DVD. Our genres include Adult Contemporary, World, Country and Irish.''
Oh well, fun while it lasted.
good day to buy something when they're expecting record share plunges.
time I was paid royalties by this website me thinks.
they thinks we is worth some money to sell to...
oh dear.
Collaboration?
We're going co-ed?
We don't play well with others.
i agree with pauly g
Due to the acquisition of casiopias Destra has fallen 5%
http://www.destra.com/Newsroom/Media-Releases/2008/destra-Acquires-MessNoise/
quick, everyone bail to teamairbag!
Destra, fix this shit!
How much for, Kevin???
Did mathieson sell out when he was wanting to?
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oh and before everyone yells, know there's a thread already.
But its now in the papers.
thanks for playing, destra.
next!
Not one person we dealt with at Destra - and there were more than a few - for the original sale still works there.
hmm. Their share price started to tank just around the time they bought M&N:
Co-incidence? WHO KNOWS
it could be the global recession but it me coincidence
destra placed in Voluntary Administration
Ooh.
bahaha.
I mean Ooh!
paging Dominic Carrozza and that other one to the thread
Link?
Scroll down to announcements
aap story on the age
i love how we kill everything we touch.
Digital media services group Destra Corporation Ltd has been placed in voluntary administration after television and radio station operator Prime Media Group Ltd withdrew financial support.
Richmond, Victoria-based Destra on Thursday appointed Tony Sims, Grant Sparks and Andrew Smith of PPB as administrators.
Prime had provided working capital assistance to Destra, which has attempted to deal with bank debt through asset sales.
''Continued adverse trends in the consumer and advertising markets and unprecedented capital market volatility have, however, contributed to making asset sales difficult,'' Destra said.
In addition, a party recently withdrew from sales negotiations.
''These events have significantly impacted the group's cash flow outlook,'' Destra said.
It posted a $79.45 million net loss for the year to June 30, 2008 compared to a $15.67 million net profit for the previous period.
The company had liabilities of $67.93 million at the end of the 2007/08 financial year.
poor domenic. i had lunch with him many years ago and he was telling me about how digital music devices were going to be the way of the future. I believed him but he was way ahead of his time and had to spend money and time on all this other shit. by the time the future arrived it was too late.
should never have listed. the tech wreck ghosts return to claim their dead.
Poor Destra
I'm just glad Mess and noise didn't go down with the ship
Hopefully a few businesses owned by Destra can pull through this. VEG, Magna and others would have employed quite a few people I'd imagine.
A lot of businesses got sold off in the downward spiral. Eg, mp3.com.au got sold (back) to Domenic.
What did Destra actually have on the books when Prime pulled the plug?
Payless Entertainment was bought by their management team, as was Central Station just prior. As for the rest, they were all still part of Destra I believe.