Taptica International has said its integration with RhythmOne is progressing well and will deliver annualised cost savings and synergy benefits of $20m this year. Chairman Tim Weller said he expects RhythmOne to make a meaningful contribution to the bottom line next year. The company also announced it would be launching an online music store in Australia later this year that will allow users to buy songs from other retailers including iTunes, Amazon MP3 Store and Google Play.
Taptica International has said its integration with RhythmOne is progressing well and will deliver annualised cost savings and synergy benefits of $20m this year. Chairman Tim Weller said he expects RhythmOne to make a meaningful contribution to the bottom line next year. The comments came before this week's annual general meeting.