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Utopia "needs incoming funds" to clear debts

Senior sources close to the sale by Utopia Music AG of Sentric Music to Believe SA have confirmed that Utopia is waiting for “up to” €7 million in funds to be released from escrow. These funds will be released “on completion of paperwork”, some of which is “reliant on third ....

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Utopia Music Layoffs: Fintech Firm Sheds Additional 15% of Staff – Billboard

Utopia Music undergoes fresh round of job cuts, eliminating around 15% of its global workforce, co-founder Mattias Hjelmstedt said in a staff memo. ....

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Believe Acquires Music Publisher Sentric From Utopia – Billboard

Believe is acquiring full ownership of Sentric Music Group from Utopia Music. ....

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Trouble in Utopia? As firm offloads Sentric to Believe, tax debt looms and employees go unpaid in Sweden

Trouble is brewing for the headquartered tech and artist services company in Sweden… ....

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