Monstermob
Encyclopedia
MonsterMob LTD is a UK mobile content company selling ringtones, wallpaper
s and full length tracks. It is owned by MonsterMob Group PLC, which owns similar companies across the globe. The company was founded by Lancaster
businessman Martin Higginson.
MonsterMob Group PLC was floated on the London Stock Exchange
with an opening market capitalisation of £32m. The company's business was adversely affected by regulatory changes in the United Kingdom
and in China
, aimed at curbing abusive billing practices among vendors of third-party wireless content. Founder Higginson was ousted in June 2006. The company issued three profit warning
s in 2006, and as a result its shares lost 90 percent of their value over that year. In August 2006, the company revealed that it was in buyout talks with an unnamed purchaser.
In March 2007 Martin Higginson returned to the board as a director. He was brought back to the company after its new owners ousted the directors, including the former CEO and founder of Orange Plc, Hans Snook
.
Spanish internet firm LaNetro Zed announced the changes after completing buying up a majority 53% stake in the business and scuppering a rival takeover plan by Chinese mobile content group Linktone.
The agreement will mean LaNetro Zed and Monstermob will together become the largest company in the Mobile Value-Added Services (MVAS) market in terms of revenue. The enlarged company is now operating in 31 countries around the world employing 1,200 staff.
Wallpaper
Wallpaper is a kind of material used to cover and decorate the interior walls of homes, offices, and other buildings; it is one aspect of interior decoration. It is usually sold in rolls and is put onto a wall using wallpaper paste...
s and full length tracks. It is owned by MonsterMob Group PLC, which owns similar companies across the globe. The company was founded by Lancaster
Lancaster, Lancashire
Lancaster is the county town of Lancashire, England. It is situated on the River Lune and has a population of 45,952. Lancaster is a constituent settlement of the wider City of Lancaster, local government district which has a population of 133,914 and encompasses several outlying towns, including...
businessman Martin Higginson.
MonsterMob Group PLC was floated on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
with an opening market capitalisation of £32m. The company's business was adversely affected by regulatory changes in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
and in China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
, aimed at curbing abusive billing practices among vendors of third-party wireless content. Founder Higginson was ousted in June 2006. The company issued three profit warning
Profit warning
Profit warning is a warning declaration issued by a listed company to investors through a stock exchange. It warns that the profit of the company in the coming quarter will obviously decline or even have a loss compared with that of the same quarter of previous year...
s in 2006, and as a result its shares lost 90 percent of their value over that year. In August 2006, the company revealed that it was in buyout talks with an unnamed purchaser.
In March 2007 Martin Higginson returned to the board as a director. He was brought back to the company after its new owners ousted the directors, including the former CEO and founder of Orange Plc, Hans Snook
Hans Snook
Hans Roger Snook is a businessman, best known for his time as the charismatic black-leather-Nehru-jacketed Founder and CEO of UK mobile phone company Orange....
.
Spanish internet firm LaNetro Zed announced the changes after completing buying up a majority 53% stake in the business and scuppering a rival takeover plan by Chinese mobile content group Linktone.
The agreement will mean LaNetro Zed and Monstermob will together become the largest company in the Mobile Value-Added Services (MVAS) market in terms of revenue. The enlarged company is now operating in 31 countries around the world employing 1,200 staff.