Bowers & Wilkins cuts dozens of jobs after plunging to $8m loss Business Bowers & Wilkins has cut dozens of jobs after plunging to an $8m (£6m) loss despite seeing an upturn in sales, its latest accounts show. The premium headphone and speaker maker, which counts David Beckham among its brand ambassadors, has reduced its workforce by 14 per cent, with 50 production jobs going amid the introduction [...]
Abba star Bjorn invested in my start-up – now I give artists the royalties they deserve Founder profile The music tech start-up that managed to secure backing from some of the biggest names in the music industry
Mark Zuckerberg-backed Yoto almost doubles sales as loss cut Business Turnover at kids audio platform Yoto, which is backed by Mark Zuckerberg and his wife, almost doubled during its latest financial year as its pre-tax loss was cut, it has been revealed. The business, which is the creator of the Yoto Player and Yoto Mini for children, has posted a turnover of £50.9m for 2023, up from [...]
Focusrite: Music tech firm’s bottom line hit by shipping and logistical woes August 28, 2024 Shares in UK-based music software company Focusrite plunged 16.7 per cent after it reported that, while demand for its products remains strong, shipping and logistics challenges are squeezing its bottom line. Revenue is expected to come in around £157m, in line with current market expectations, as overall demand for its suite of audio tech products [...]
