TouchTunes Interactive Networks
Nature of Business
Founded in 1998, TouchTunes Interactive Networks is the largest digital interactive out-of-home entertainment network in North America. TouchTunes, with offices in New York, Arlington Heights, Illinois and Montreal, provides entertainment and marketing solutions to more than 57,000 venues.
Since introducing the world’s first digital downloading, pay-per-play jukebox, the network has become the largest of its kind with close to two million songs played, on average, across the network every day. TouchTunes has a growing music library of more than three million licensed tracks, and delivers more than 700 million songs per annum.
The company also offers TouchTunesTV, a unique screen-within-a-screen interactive television experience that provides custom advertising capabilities, venue promotions and social networking opportunities. Additionally, TouchTunes has one of the largest in-venue mobile commerce apps, with over 1.3 million downloads to date.
We invested in TouchTunes Interactive Networks in August 2011. The business has experienced significant growth in recent years and will remain focused on expanding the existing base of digital jukeboxes across North America and launching new products and services to broaden its in-venue entertainment capabilities.
Our global network and sector expertise is supporting expansion into Asia and Europe and will help foster the company’s next phase of development.
Regulatory notice: This transaction involved a recommendation of 3i Corporation.
3i office contact
400 Madison Avenue
New York, NY 10017
Tel: +1 (212) 848 1400
Fax: +1 (212) 848 1401