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In-Store Music Provider Mood Media to File for Bankruptcy, Citing Costs and COVID

covid-19 2020 pandemic innovations
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purchased in 2011. Since then, Mood Music has built a one-stop shop for in-store products from music to scents, digital signage and, and most recently, germicidal protection products.The docket lists a total of $680 million in claims owed to five classes of claimants.

The company has approximately $17.9 million in other secured claims and $3.8 million of other priority claims; the secured credits are first in line for repayment.

The owners of first lien claims totaling $320 million will receive a pro rata share of a $200 million loan and 100% of the reorganized company’s common equity (subject to dilution by the management incentive program and warrants).

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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