UTOPIA DIVESTS ABSOLUTE

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UTOPIA DIVESTS ABSOLUTE

7/18/23

From left, Henry Semmence, Simon Wills, Mark Dowling and Debs Cutting are again the owners of Absolute Label Services.

Utopia Music has downsized again: U.K.-based Absolute Label Services is the latest company it acquired to be sold back to its original leadership team.

Absolute’s original shareholders—Henry Semmence, Simon Wills, Debs Cutting and Mark Dowling—have reacquired 100% of the company from Utopia Music.

It was acquired in February 2022 and has since maintained its team, infrastructure and client base. In a joint statement, the leadership team said: “The decision to revert the full ownership of the company, and to preserve its vision and direction, was fueled by our unwavering commitment to continue providing exceptional label services.

“We are committed to exploring new collaborations, forging strategic partnerships, and harnessing cutting-edge technologies to elevate our label services to even greater commercial growth and success. Our dedication to investment and expansion remains resolute.”

Absolute is one of three companies Utopia purchased that have since been divested; music industry directory ROSTR and publisher Sentric were the others. Based in Switzerland, Utopia is on a mission to provide “fair pay for every play” by providing “transparent and reliable” data-based solutions.