The pioneer streaming platform Idagio has applied to Berlin’s Charlottenburg Court to approve its self-administered insolvency. The plan is said to ensure the continuation of IDAGIO’s classical music service, without job losses.
The press release (below) makes no mention of Idagio’s visionary founder Till Jjanczukowicz.
“This is very good news for our subscribers and for the entire team,” said Managing Director Erwin Stürzer, who oversaw the self-administration process. He was supported by attorney Olaf Schubert and restructuring expert Dr. Christian Matiebel. The court appointed Dr. Sven Kirchner of the law firm Münzel & Böhm as insolvency monitor.
Despite the…