Profit Magazine: “Everything about the new Mood Media is big.” »

Mood Media CEO and Chairman Lorne AbonyMood Media has been named one of the fastest-growing companies in Canada by PROFIT Magazine for the second year in a row. With a five-year growth rate of 14,215% Mood Media ranks second on this year’s PROFIT 200, which profiles the country’s most successful growth companies.

According to the publication, everything about the new Mood Media is big: 275,000 new retail locations, 2,300 employees and offices in 48 countries, the largest music library on planet Earth, and tremendous growth of in-store digital signage.

Read the full article at profitguide.com.

Posted: June 08, 2012

Look for Mood Media at the Next Generation Retail Summit in Turnberry this Week »

The retail world is changing with many shoppers going online to purchase consumer goods and spending less time in-store. Smart retailers understand the secret to sustaining and growing sales is not fighting this trend, but closing the loop between the online and offline experience with programs that drive customer engagement. Michael Garreffa, Vice President of Business Development for Mood Media Europe, is leading a workshop at the Next Generation Retail Summit in Turnberry, Scotland this week that will share insight on how retailers can engage with customers through in-store media networks, location-based services and integrated mobile and social media applications. Michael will also share digital out-of-home case studies from some of the world’s leading brands.

Retailers can no longer count on opt-in email newsletters to close the loop. A recent YouGov survey revealed that 46% of shoppers never divulge their contact details to retailers, with almost one in ten (8%) admitting to giving out false information to avoid being contacted. Consumers need to feel they are getting something of real value and personal relevance before they are going to opt-in to receive information from a retailer. In the same survey, 64% of shoppers said they would be likely to give out their contact details if they were signed up to the store’s loyalty program 35% or offered an incentive, such as a discount off a future purchase. Using location-based services, Mood Media is helping retailers take engagement further, offering shoppers everything from immediate giveaways and discounts to the opportunity to identify songs they like that are playing in-store. When integrated with in-store media – including music, audio messaging, video and scent — location-based services help increase footfall, dwell-time and sales per customer. Retailers using in-store media have experienced up to 25% sales uplift.

Posted: April 17, 2012

Mood Media Muzak, the Grammy’s and Gucci Team-Up to Preserve Music History »

If you’re a true music lover, this post is for you.

Mood Media Muzak is restoring a rare collection of 20,000 never-released master recordings – discovered in its archives – from the top artists of the 1930s, ‘40s and ‘50s. Announced at this year’s Grammy Awards, the restoration of these unique recordings marks an historic moment in the music industry. Now, generations of the most influential artists from our cultural songbook will once again be able to share their talents and inspiration with today’s artists.

At a special Grammy Awards event, Mood Media Muzak, the Grammy Museum and Gucci announced that the trio was teaming up to restore this piece of music history – and more importantly – make it accessible for the public to explore and enjoy as part of a new and permanent exhibit at the Grammy Museum in Los Angeles.  Topped off with a stellar performance from recording star Jennifer Hudson, the evening highlighted the mission and importance of the unique collaboration.

For Mood Media Muzak, the Recording Academy’s Grammy Museum was the perfect partner and ideal venue to showcase its archive. As Bob Santelli, Executive Director of the Grammy’s Museum said at the announcement, “The restoration of these recordings mark a historic moment in music, allowing past generations of important musicians to communicate with future ones.” But, despite the significance of such an effort, the restoration process of the master library from discs and tape to digital would be an extremely costly and timely endeavor. Enter Gucci …

Gucci has counted many iconic musical artists among its most loyal clientele and has a great tradition of supporting the preservation of the arts. So, as part of an exclusive three-year deal between Gucci Timepiece and Jewelry and the Recording Academy, the company will help finance the digitization. Here is the Grammy’s release: www.grammy.com/news/jazz-legend-fats-waller-to-get-digitized

As the lengthy archive restoration project moves forward, so too does the creation of its future home – the Mood Media Muzak Archive Exhibit at the Grammy Museum in Los Angeles, which is scheduled to open to the music-loving public in late May of this year.

Thanks to this unique partnership, Mood Media Muzak will always have a place to celebrate its past—as it continues to build the future of in-store media.

What do you think about this endeavor and partnership? Would you want to explore the new exhibit when it opens?

Posted: February 29, 2012

Director Dealing: Mood Media Corporation »

London, 19 Nov 2011 – Mood Media Corporation (ISIN: CA61534J1057) (TSX:MM / LSE AIM:MM) was informed on 18 November 2011 that Justin Beckett had exercised options over 90,300 shares, and sold the resulting shares at a price of C$2.65 per share.

-ENDS-

For further information please contact:

Lorne Abony
Chairman and Chief Executive Officer
Mood Media Corporation
Tel: +1 905 761 4300

Dominic Morley
Panmure Gordon
Tel: +44 207 459 3600

About Mood Media Corporation

Mood Media Corporation (TSX:MM/ LSE AIM:MM), named Canada’s fastest growing company by PROFIT Magazine is a leading in-store media specialist that uses a mix of music, visual and scent media to help its clients communicate with consumers with a view to driving incremental sales at the point-of-purchase.

Operating through its two principal divisions, In-Store Media and Retail Point-of-Purchase; Mood Media Corporation works with over 470,000 commercial locations in over 40 countries throughout North America, Europe, Asia and Australia. Through its subsidiaries Mood Media, Muzak, and Mood Entertainment, Mood Media Corporation’s products and services reach 100 million people every day in a broad client base including more than 850 U.S. and international brands in diverse market sectors that include: retail, from fashion to financial services; hospitality, from hotels to health spas; and food retail, including restaurants, bars, quick-serve and fast casual dining.

For further information about Mood Media, please visit www.moodmedia.com

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements as to the potential sale of certain shares of Mood Media. These forward-looking statements are subject to important assumptions. While Mood Media considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect.  Known and unknown factors could however cause such forward looking statements to vary materially. Such factors include, but are not limited to: the impact of general market, industry, credit and economic conditions, currency fluctuations as well as the risk factors identified in the Risk Factors section of Mood Media’s management discussion and analysis dated October 30, 2011 and the risk factors identified in the annual information form of Mood Media dated March 30, 2011, both of which are available on www.sedar.com.

Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements, and accordingly there can be no assurance that the sales of shares of Mood Media describe herein will occur or if they occur that they will occur on the basis set out herein. All of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Mood Media. Forward-looking statements are given only as at the date hereof and Mood Media disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable laws.

 

Posted: November 19, 2011

A1 Retail Magazine gets an inside view of Mood Media »

Vanessa Walmsley appears in A1 Retail MagazineOur very own Vanessa Walmsley features in this month’s A1 Retail magazine. She shares some recent news, talks about her favorite project at the Guess flagship store in London, and gives her perspective on the future of in-store media.

You can read the article online on pages 30-31 of the issue of A1 Retail.

Posted: June 16, 2011

Study indicates retail banks need to do a better job informing and educating customers »

Banks need to improve their in-branch ‘ambiance’ if they are to attract customers in off the High Street, according to a recent study by Mood Media Corporation.

In a nutshell, the study of the financial services industry – carried out in association with YouGov – found only 9% of bank customers like the ‘ambiance’ of their local bank, disliked long queues and didn’t feel it educated them enough on the services and products it offers, which is why 63% prefer to do their banking online rather than in branches.

For banks, the risk behind the migration to online banking is that sales of financial services – everything from savings and loans products to brokerage and insurance services – will fall as customers lose contact with retail banking staff.

In turn, Mood Media pointed out how in-store visuals such as LCD screens can increase product sales, raise general awareness of additional products and services, and reduce perceptions of queue time if they are used in an informative and entertaining way. Not only that, but music and some smart sound engineering in branches can increase the sense of privacy, which is important to establish when customers are sharing personal financial matters with bank staff.

In an article entitled ‘Scents and TV coming to a bank near you,’ banking correspondent for ThisisMoney.co.uk Dan Hyde commented that “a fresh feel could revitalise face-to-face banking, which is dying a slow and protracted death in the UK now that 22m Britons use internet banking.’

The story was also picked up by the popular Financial Services Technology magazine and Business Bank Accounts website, stalwart retail and digital signage websites such as Daily Dooh and Digital Signage Expo, and was spotted in the e-mail newsletter Van Etten’s clippings.

Recognition is gaining that financial services needs a more welcoming, enlivened, and modern approach to retail, especially given its failings and setbacks in the recent past. Whether it is engaging visuals and audio for building societies with a large family-based clientele, classical music for the distinguished interior of private banks or cutting edge, holograms, QR codes and touchscreens aimed at a technologically savvy, young demographic, the opportunities are endless.

Let’s see who will follow in the footsteps of our client ING bank in the Netherlands and be the first to take a pioneering step in the right direction in the UK.

It appears banking customers are in the mood for a change.

Posted: June 16, 2011

Digital signage or visual content? »

Digital signage, digital out of home, out of home advertising, call it what you will, but the market self-defines around hardware, and to a lesser extent software.

We have always felt that the hardware is there to surface content, and it is the content that will ultimately impact retail customer behavior. We aren’t suggesting that hardware, content playback and management, and infrastructure aren’t important, obviously they are. But we question why technology tends to dominate coverage and discussion in the space.

A screen on its own isn’t going to increase dwell time or drive promotions. You can make it thinner, increase the resolution, decrease energy consumption, make it IP-addressable, but it is still a screen waiting for content.
We like to start with the business goal. What do we want to achieve? Then we consider what visual content will lead to us reaching that goal. Then we consider what technology will allow us to optimally place and manage that content.

We don’t manufacture our own displays, which is pretty liberating. It frees us to put in place the technology that best meets our objectives. For one client we might use Christie MicroTiles. For another client NEC, Sharp or Samsung hardware might be appropriate. Our designers aren’t under pressure to push any one piece of hardware because we have a backlog of inventory.

We do have our own proprietary software to manage content, called TeamCo. It allows us to target essentially any device with any type of content, and it allows for zoning, multi-channel broadcasting, and complex scheduling. The kind of power and flexibility the software provides is critical, but once again retail success lies knowing  what messages to send to what locations and when to send them.  It is all about the content.

Posted: March 28, 2011

In the News: Muzak merger »

Our announcement that we intended to acquire Muzak was big news, and not just inside the in-store media industry. The story broke in the Wall Street Journal, which noted that Mood Media “hopes to use Muzak’s U.S. footprint to introduce more digital services, such as screens that allow customers to check merchandise in stores.”

Under the headline “Markets Shrug Off Geopolitical Events & Rally On Week,” Stock Market Weekly said “Merger and acquisition news including some big names hit the wire this week with news of Muzak, known for its calming music played in elevators, buildings and stores, striking a deal to be bought by Toronto-based Mood Media Corp. for $345.”

The merger was news in Canada, where the National Post noted “set to become the global king of background music after reaching a deal to acquire rival Muzak Holdings LLC.”

“Fort Mill had some good news last week” was how Ronnie Bryant of the Charlotte Regional Partnership greeted the news in the Charlotte Post. “The purchase will give Muzak a broader foundation, and its U.S. headquarters will stay in Fort Mill.”

Within the industry, outlets such as Billboard.biz, the industry news channel for Billboard magazine, covered the announcement, as did Deepak Sharma at the Retail Technology Blog.

Posted: March 24, 2011

For In-Store Media:

Other sites:

Mood Media North America

Mood Media Asia Pacific

Mood Media Europe

Mood Media Corporation

Retail POS

Mood Media Companies: Muzak | DMX