Erick Thohir's Mahaka Radio Reveals Collaboration With Raffi Achmad's RANS Entertainment On The NOICE Application, Management: Transaction Value Still Secret

NOICE application. (Photo: Doc. NOICE)

JAKARTA - Erick Thohir's radio service provider PT Mahaka Radio Integra Tbk (MARI) confirmed the collaboration with artist Raffi Achmad's RANS Entertainment in the development of the NOICE audio streaming application.

As revealed by Mahaka Radio's President Director, Adrian Sykawi, through the disclosure of information to the Indonesia Stock Exchange (IDX), quoted on Tuesday, February 22.

"Yes, that's right. RANS Entertainment has NOICE indirectly," said Adrian.

Adrian explained in detail that the inclusion of RANS Entertainment as a shareholder of NOICE did not change Mahaka Radio's status as the controlling shareholder. Adrian said that the company still indirectly owns 45.08 percent of NOICE's shares.

Unfortunately, Adrian could not reveal when RANS Entertainment made a capital deposit to NOICE. Including the value of the funds in question.

"It has not been published yet and the company is still bound by a confidentiality agreement with RANS Entertainment," said Adrian.

Even so, Adrian believes, the additional RANS capital deposit to NOICE will be used for business development in terms of content and technology. Moreover, NOICE is still in the business development stage.

"For this reason, the company's current concentration is to improve the operational indicators of NOICE application users. NOICE has not yet entered the monetize revenue stage, so NOICE has not yet contributed to the company's revenue," said Adrian.