Different tile visual presentations also are contemplated, as are different physical jukebox designs. Groupings may involve self-populating collections of songs that combine centrally-promoted songs, songs in a given genre that are popular across an audiovisual distribution network, and songs that are locally popular and match up with the given genre (e.g., because of shared attributes such as same or similar genre, artist, etc.). As another example, a tile-based approach to organizing groupings of songs is provided. For instance, a smart search may be provided, e.g., where search results vary based on the popularity of songs within the venue, in dependence on songs being promoted, etc. Moelis & Company is serving as financial advisor to the Company, and Orrick, Herrington & Sutcliffe LLP is acting as legal advisor.Abstract: Certain exemplary embodiments relate to entertainment systems and, more particularly, to systems that incorporate digital downloading jukebox features and improved user interfaces. Peter J Solomon Company is serving as financial advisor to Searchlight in connection with this transaction, and Paul, Weiss, Rifkind, Wharton & Garrison is acting as counsel to Searchlight. For more information, please visit Advisors TouchTunes is headquartered in New York City, with offices in Chicago, IL, Montreal, Quebec and London, U.K. The network also serves as a highly scalable digital out-of-home activation platform that provides highly targeted advertising and promotional opportunities for consumer brands. TouchTunes' award-winning products and services also include an integrated photo booth, the first fully licensed commercial karaoke system and an interactive TV messaging and engagement solution. The mobile app is available on the iOS and Android platforms and has been downloaded over 3.5 million times. Music is at the core of TouchTunes’ experience with millions of songs played daily across the network and a mobile app that lets users find nearby jukebox locations, create playlists, and control the music in-venue directly from their phone. TouchTunes’ platform provides location-based digital solutions that encourage social interactions through shared experiences. TouchTunes is the largest in-venue interactive music and entertainment platform, featured in over 71,000 bars and restaurants across North America and Europe. For more information, please visit About TouchTunes Searchlight invests in businesses where its long term capital and strategic support accelerate value creation for all stakeholders. Searchlight is a global private investment firm with offices in New York, London and Toronto. TouchTunes’ national network provides brands with a unique opportunity to target consumers with highly relevant ads and other promotions while in-venue. TouchTunes is not only the largest in-venue interactive music and entertainment platform, featured in over 71,000 bars and restaurants across North America and Europe, but also a leading digital out-of-home advertising platform. They are extremely well versed in the global digital media world, and are perfectly positioned to help the Company expand on its forward looking innovation efforts.” We look forward to supporting the Company as it executes on this next phase of growth.”Ĭharles Goldstuck, CEO of TouchTunes, said, “Searchlight is the perfect partner for TouchTunes as we prepare for the next phase of our global growth plan. TouchTunes has many exciting opportunities both in North America and internationally. Charles Goldstuck and his team have a clear track record of successful innovation, on which they have built a market leading business in an attractive sector. (“TouchTunes” or the “Company”), the largest in-venue interactive music and entertainment platform, featured in over 71,000 bars and restaurants across North America and Europe. TouchTunes’ senior management team, which will continue to be a significant shareholder in the business, is widely respected in the industry, having significantly expanded the Company’s national network and market share.Ĭommenting on the deal, Eric Zinterhofer, a Founding Partner of Searchlight, said, “We are deeply impressed by the management of TouchTunes. ("Searchlight") today announced that funds managed by Searchlight have entered into a definitive agreement to acquire a controlling interest in TouchTunes Interactive Networks, Inc. New York, NY, USA – Ap– Searchlight Capital Partners, L.P.
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