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SOURCE Audio Network
SYDNEY, July 1, 2014 /PRNewswire/ --
- Founder Linda Tizard sells 49% shareholding in Audio Network Australia to Audio Network Group -
Audio Network, the international music company specialising in music for film, television and video, today announced the acquisition of a 49% shareholding in Audio Network Australia Pty Ltd from co-founder Linda Tizard, enabling the Australian subsidiary to become a fully integrated part of the Audio Network Group. The acquisition demonstrates the Group's continuing determination to expand globally and develop its vision whilst retaining the innovative and creative force behind the group's success.
Charles Cutbill, currently Head of Sales, will assume the position of Sales Director, whilst Jess Ossington, Head of Creative Services, will take on the role of Operations Director.
Linda Tizard set up Audio Network Australia Pty Ltd as a joint venture with the UK-based parent company in 2008. Prior to that, she was Head of Development and Investment at the then NSW Films and Television Office (now Screen NSW).
Linda Tizard commented, "Six years ago, the opportunity to establish Audio Network Australia proved irresistible and I'm extremely proud of what we have achieved in that time. Having established a great team, the time has come to hand over the management of the company to Charlie and Jess, who I have no doubt will take it from strength to strength."
Robert Hurst, CEO and Co-founder of Audio Network Group, said, "Linda has done an amazing job, successfully establishing the Audio Network brand in both the Australian and New Zealand markets over a period that has seen our music catalogue grow from 18,000 to well over 75,000 tracks. The well-deserved promotions of Charlie and Jess reflect the contribution that they have both made to the success of Audio Network Australia to date and the impact that they will have in their new roles. This is an exciting phase of international growth for the business and I'm delighted to welcome them to the management team."
In addition to supplying original scoring, audio branding, sound design services and working as creative partners alongside over 500 renowned composers, Audio Network now has interests and operations in multiple territories worldwide.
Listed as one of the UK's fastest growing companies in the Sunday Times Tech Track 100; 2011, 2012 and 2013 and the Sunday Times Profit Track 100 in 2013 and 2014, Audio Network has also received the Queen's Award for Enterprise for both Innovation (Technology), 2008 and International Trade, 2012.
About Audio Network:
With a catalogue of well over 75,000 original music tracks, Audio Network offers a complete music solution by cutting through the traditionally complex and costly processes of licensing music. All high quality tracks are pre-cleared for multiple formats, for the world, forever through their website at http://www.audionetwork.com
This approach allows producers to make content for international distribution, emerging platforms and new media without the need to go through the complicated and expensive process of clearing individual tracks or re-versioning productions. The company supplies music to some major international media clients, including BBC, HBO, MSN, MTV Networks, National Geographic, Ogilvy, and Endemol.
Audio Network owns the rights to their extensive catalogue which covers a full range of music styles from large scale orchestral to hip hop and from country to rock. This high quality music is created by its team of established international composers and recorded by major orchestras and artistes including The Royal Philharmonic Orchestra, Dame Evelyn Glennie OBE and the late Sir John Dankworth CBE.
The company has grown its composer team, music catalogue and revenue from its music services every year since its incorporation in 2001 at an average Compound Annual Growth Rate (CAGR) in excess of 40% per annum.
About Linda Tizard
Linda has a background in film and television production including work as Manager of Business Affairs at Beyond International, as General Manager of South Pacific Pictures, as a consultant to creative businesses through The Broad Picture and as Head of Development and Investment at the NSW Films and Television Office (now Screen NSW).
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