Feeds

Tesco grabs Peter Gabriel's musical streamer

Unexpected item in bagging area

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

British music service We7 is being acquired by Tesco, which is taking a 91 per cent stake in the company for £10.8m. A full acquisition is expected.

We7 launched five years ago with backing from Peter Gabriel, who has stuck by the company despite heavy losses. Founding CEO Steve Purdham set up the company after selling SurfControl, which made net nanny software CyberPatrol, to Websense for £200m in 2007. We7 lost £3.68m in 2009, with revenue of just £361,000.

The company has offices in London and Oxford.

Originally an ad-supported streaming service – Yahoo! provided the ads – We7 itself morphed into a 'personalised radio' service, with less choice for the listener but much lower royalty costs.

Tesco is shifting into digital entertainment delivery, acquiring Blinkbox and vowing to be the leading retailer for UltraViolet, Hollywood's cloud locker/DVD service.

In the long run We7 probably makes more sense as part of Tesco's delivery chain than as a go-it-alone brand, given its know-how about the (very) messy business of music rights licensing. For now Purdham tells the Reg that various options had been discussed with Tesco for some time, and that "it's business as usual" for the radio service. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Ellison: Sparc M7 is Oracle's most important silicon EVER
'Acceleration engines' key to performance, security, Larry says
Linux? Bah! Red Hat has its eye on the CLOUD – and it wants to own it
CEO says it will be 'undisputed leader' in enterprise cloud tech
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Ello? ello? ello?: Facebook challenger in DDoS KNOCKOUT
Gets back up again after half an hour though
Hey, what's a STORAGE company doing working on Internet-of-Cars?
Boo - it's not a terabyte car, it's just predictive maintenance and that
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.