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Bloomberg
BandLab Technologies, a Singapore-based social music platform, has agreed to acquire British music magazines NME and Uncut from TI Media for an undisclosed amount to expand its global music media business.
NME, which started as a British weekly in 1952, has evolved into a digital brand. The deal, which includes the brands’ social, digital and print assets, is expected to complete by May 31, according to an emailed statement. Time Inc UK was rebranded as TI Media last year. In January, BandLab sold its 49 percent stake in Rolling Stone, the US-based magazine, to Penske Media Corp.