Yeahronimo Media Ventures, owner of the classic Commodore license, is buying out Dutch music and DRM company Lyzia, in an attempt to enter the music market using, yes, Commodore as a brand.
Lyzia will remain as a separate brand name for the B2B market, servicing branded portals for companies such as The Music Factory, Sanoma, Vendex, Orange and many others. The acquisition is paid in cash and partly in shares.
Lyzia’s tech will be used for content downloads such as music, ringtones, games and video
Yeahronimo acquired the Commodore license early in the year, and is now announcing its plans for the brand…it recently set up a joint venture with Dutch investment firm Content Factory, to exploit its back catalog of retro games…Content Factory will contribute 18 million Euros ($21.62 million USD) to the venture, 6 million of which is payment for a 49% interest in the company and 12 million in cash to be paid out over the course of five years.