Aspiro moves activities in Mobile Entertainment

Aspiro has today sent a hearing request for the Swedish business area Mobile Entertainment. The group is considering for cost saving reasons to implement an organizational change in which the activities carried out in Stockholm in Mobile Entertainment will be moved to Oslo.

The changes are expected to lead to labour shortages and dismissal of staff within Mobile Entertainment, which involves nine people. Aspiro will continue to run the business within Mobile Entertainment from Oslo. Other operations are not affected. Aspiro discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 10:45 pm on 27 October.

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Aspiro is a media technology company on the forefront in the ongoing redefinition of music consumption. Through its subscription services WiMP and TIDAL, the company offers a complete music experience with HiFi quality audio and integrated editorial, magazine and video. In parallel, Aspiro is a content provider to the online media industry through RADR, helping its partners to attract and retain visitors on their web sites. See more on www.aspiro.com

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