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Mood Media Corporation Completes Acquisition of DMX Holdings, LLC

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Mood Media Corporation logoMood Media Corporation (ISIN: CA61534J1057) (TSX:MM/ LSE AIM:MM) (“Mood Media”) announced today that it has completed its previously announced acquisition of DMX Holdings, Inc. (“DMX”) for US$86.1 million in cash including net debt repaid on closing, subject to certain adjustments for working capital. The equity value of the transaction will be approximately US$53.8 million.

Also in connection with the DMX acquisition, Mood Media completed its previously announced  private placement of 31,800,000 common shares, issued at 231 pence per common share (C$3.60 per common share), raising £73.5 million (C$114.5 million) before expenses. The proceeds of the private placement were used in part to satisfy the consideration payable in connection with the DMX acquisition. The additional net proceeds of the private placement will be used for general corporate purposes.

DMX is a US provider of multi-sensory branding services, delivering services to over 100,000 locations.   DMX uses music, video and digital signage, messaging, scent, and audio/visual systems to personify and enhance brands to create lasting connections that encourage customer loyalty. In the 12 months ended 31 December 2011, DMX recorded revenues of US$84.6 million, EBITDA of US$16.5 million and profit before taxation of US$5.6 million.

Mood Media Corporation
Lorne Abony
CEO & Chairman
+1 416 510 2800

Fleishman Hillard (New York)
Jeremy Jacobs

Panmure Gordon (UK) Limited
Dominic Morley
Hannah Woodley
+44 20 7459 3600

Mirabaud Securities LLP
Rory Scott
+44 20 7878 3360

Stock Exchange Matters

The common shares issued pursuant to the private placement have been conditionally approved for listing on the Toronto Stock Exchange, subject to satisfaction of the exchange’s customary conditions.

About Mood Media Corporation

Mood Media Corporation (TSX:MM/ LSE AIM:MM), named Canada’s fastest growing company by PROFIT Magazine is a leading in-store media specialist that uses a mix of music, visual and scent media to help its clients communicate with consumers with a view to driving incremental sales at the point-of-purchase.

Operating through its two principal divisions, In-Store Media and Retail Point-of-Purchase, Mood Media Corporation works with over 470,000 commercial locations in over 40 countries throughout North America, Europe, Asia and Australia. Through its subsidiaries Mood Media, Muzak, and Mood Entertainment, Mood Media Corporation’s products and services reach 100 million people every day in a broad client base including more than 850 U.S. and international brands in diverse market sectors that include: retail, from fashion to financial services; hospitality, from hotels to health spas; and food retail, including restaurants, bars, quick-serve and fast casual dining.

For further information about Mood Media, please visit

Source: Mood Media Corporation

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