The latest news from companies that are hiring, firing, expanding, and dying.
Australian promotion company Altered State is shutting down. A Federal Court declared the company insolvent. Soundwave music festival said Altered State owed them $340,690.46 in bar tab profits. Altered State said Soundwave actually owed them money, but were unable to produce any documents to prove it.
WiMP has partnered with Telnor Pakistan. Telnor will become a WiMP reseller, and will bundle the service into some subscription plans. The two companies have already partnered in Norway and Denmark. WiMP has also hired a new Asian team, based in New Delhi. The team is lead by former Dhingana CEO Rohit Bhatia.
BBC Radio 1 and 1Xtra are cutting many of their DJs and radio presenters due to BBC budget cuts. Those being let go are: Edith Bowman, Nihal, Mike Davies, Rob Da Bank, Jen Long, Ally McCrae, CJ Beatz, Crissy Criss, and Robbo Ranx. A large number of the remaining DJs are getting additional shows and time extensions. 1Xtra has brought on one new presenter, A.Dot.
Nina Ulloa covers breaking news, tech, and more. Follow her on Twitter: @nine_u