In-store music and media provider Mood Media Corp. says its Muzak LLC subsidiary has acquired the assets of one of its largest franchisees for US$27.9 million. The unidentified franchisee acquired provides audio, visual and scent solutions for retail stores and operates in the U.S. mid-Atlantic region. It had revenue of $19.5 million in the 12 months ended June 30. Mood Media works with 580,000 commercial locations in over 40 countries throughout North America, Europe, Asia and Australia.
