Business News Industry People Labels & Publishers Top Stories
By Andy Malt | Published on Wednesday 26 July 2023
Following the news that Utopia Musics UK R&D company has called in the liquidators, CMU has now confirmed that the groups Finnish R&D company Utopia R&D Tech Finland OY has also been placed into bankruptcy.
Utopia co-founder and CEO Mattias Hjelmstedt confirmed the latest downsizing at the music firm late last week via an internal memo. He told employees that the company was consolidating its R&D offices in order to create a leaner and more efficient setup. As a result, he said, its relatively small R&D offices in the UK and Finland would be wound down, leaving one in Sweden remaining.
However, yesterday CMU learned that…
Read the full article at: https://completemusicupdate.com/article/utopia-declares-second-rd-business-bankrupt/