Portfolio
TouchTunes Interactive Networks
| Investment type | Growth Capital |
|---|---|
| Region | North America |
| Status | Current investment |
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 City, Arlington Heights, Illinois and Montreal, provides entertainment and marketing solutions to 50,000+ 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 delivered more than 750 million songs in 2010 alone. The company has also released TouchTunesTV, a unique screen-within-a-screen interactive television experience that provides custom advertising capabilities, venue promotions and social networking opportunities.
Investment Overview
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 will support expansion into Asia and Europe and help foster the company’s next phase of development.