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The Music Industry May be Dead, but the Muzak Industry is Kicking Ass

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NOW THIS IS HAPPENING
DailyFeed
Muzak LLC, the venerable supplier of elevator music to the world which emerged from Chapter 11 last year, is beginning Chapter 12 in its corporate life with a $345 million sale to Toronto's Mood Media.

Muzak will reportedly remain in Fort Mill, SC, but will switch from a satellite radio-based delivery system to "an Internet-based delivery system after the deal," which is expected to close in the second quarter.

Muzak has changed quite a bit since it was invented by George Owen Squier in 1934. Here's a bit of history:

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