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. Rolling Stone International will be led by 28-year-old Meng Ru Kuok, who also co-founded and heads BandLab. 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 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 .