A Singapore firm linked to one of Asia's richest families has bought a 49% stake in Rolling Stone to expand the iconic US magazine's business in new markets, the two companies said. Founded in 1967, Rolling Stone became a fixture of American pop culture, helping launch the careers of writers and creative artists over almost 50 years. Rather, it will oversee a new Rolling Stone International subsidiary, which will develop live events, merchandising and hospitality. "What has happened last 49 years has already shown that Rolling Stone is more than a brand to people," Mr Kuok told Bloomberg News. For Mr Kuok, Rolling Stone marks the latest of his acquisitions of music assets and brands, underscoring his efforts to build a global music empire.

Source: Bangkok Post September 26, 2016 08:15 UTC