Anakando Media Group has acquired a large stake in digital music distribution platform MondoTunes, the conglomerate announced on Thursday.
MondoTunes offers single-point access to iTunes, Amazon, Beats, Spotify and over 600 other online stores, giving independent artists an opportunity to increase revenues while maintaining 100-percent ownership of their work. The company also offers marketing support.
Anakando, the media empire co-founded by Greek billionaire Alki David, will also use Mondo’s technology and personnel to launch MondoVideo, a platform which will distribute original programming created by Anakando’s FilmOn Originals, ETV.com and Hologram USA, as well as the largest privately held film library in the world.
“With MondoTunes we really are democratizing the world of music — giving tools to artists that let them operate at the same level as an artist with a major label,” said David. “And the platform will work together with our other divisions … to expand the reach even further.”
The MondoTunes platform will be completely relaunched with a new user experience and revised subscription model.
In 2008, David was the majority shareholder of Leventis-David Group, which owns Coca-Cola Hellenic bottling plants in 28 countries. Now, his companies include the Internet-based television provider FilmOn, home-shopping website 9021go.com, and the streaming site BattleCam.com.
Anakando Media Group is a collection of integrated digital media companies, which includes the world’s largest privately owned film and television library, patented entertainment technologies in hologram projection systems, the world’s largest live streaming TV and VOD platform (FilmOn Networks), and Cable television channels in the USA and Europe.