BandLab eyes live market with Rolling Stone stake

BandLab Technologies, the Singapore-based start-up which this week acquired a 49% stake in Rolling Stone, plans to turn the storied magazine brand into a Live Nation-style entertainment powerhouse, it has emerged.

Rolling Stone, founded in November 1967 by current publisher Jann Wenner (pictured), has resisted outside investment for close to 50 years, but faced with declining advertising income – it lost over US$50 million in ad revenues between 2006 and 2013 – now appears to be seeking to diversify its product offering.

Bloomberg Gadfly’s Tim Culpan…

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