News Swiss court launches bankruptcy proceedings against Proper Group, formerly Utopia Music The embattled company says it was unaware of legal proceedings brought against it, and missed a court hearing
News US court orders Utopia Music to pay $1.9M to former owners of Lyric Financial The financially troubled music company had failed to make the final payment on its acquisition of Lyric Financial
News Utopia Music acquired Lyric Financial in 2021. Lyric’s sellers are still trying to get full payment for the sale An arbitration panel has ordered Utopia to pay $1.86 million to Lyric Financial's former owners
Analysis News With another CEO set to exit, more layoffs and shuttered offices, what’s going on at Proper, the company formerly known as Utopia Music? Proper Group says it's poised for growth and expansion, but less than a month ago, it was asking shareholders for a cash infusion
News Proper, formerly Utopia, tells shareholders: We need $6.4m from you Company has called on its shareholders to support a round of funding
News Michael Stebler named CEO of Utopia Music, just three months after Alain Couttolenc assumed role The latest changes in Utopia's C-suite follow several years of volatility, including layoffs, unexpected departures and divestments
News Alain Couttolenc appointed CEO at Utopia Music as Mattias Hjelmstedt assumes role as Chairman Couttolenc previously served as Chief Development Officer at data company Ipsos
News Utopia axes 5% of staff as company shuts down R&D operations in the UK and Finland A spokesperson told MBW that, 'Utopia is currently streamlining its organization to increase efficiency'.
Analysis Interviews News Utopia wants to be the ‘operating system’ for the music industry, and 3 other things we learned from founder Mattias Hjelmstedt’s new interview In a rare interview on the Dealmakers podcast with Alejandro Cremades, Utopia founder Mattias Hjelmstedt dropped some hints as to what has been happening with the company
News Utopia acquires the UK’s Proper Music Group, launches Distribution Services unit Fast-growing music tech company acquires again
Blog ‘The next 10 years in music hold a wealth of opportunity, but only if copyright, revenue collection and distribution catch up.’ Utopia COO Roberto Neri puts forward his case for an overhaul of how music creators earn and receive money
News Paul Stuart joins Utopia Music as Chief Legal Officer He joins Utopia from Soundtrack Your Brand (previously Spotify Business)