US magazine BandLab Technologies has agreed to sell a 49% stake of its business to US -based music start-up BandLab for an unknown sum. With a focus on expanding Rolling Stone ’s business to new markets, BandLab will partially own Rolling Stone’s digital assets, however Werner Media will still be entirely owned by the magazine. Swee Lee Music , a co-founder of BandLab , will operate Werner Media .
US magazine Rolling Stone has agreed to sell a 49% stake of its business to Singapore-based music start-up BandLab Technologies for an unknown sum. With a focus on expanding Rolling Stone’s business to new markets, BandLab will partially own Rolling Stone’s digital assets, however Werner Media will still be entirely owned by the magazine. Meng Ru Juok, a co-founder of BandLab, will operate Rolling Stone International.