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Investee business launches new music streaming service

Tech and leisure investor Yolo Leisure and Technology (YOLO:AIM) says one of its investee companies is launching a streaming music service to challenge the likes of Apple Music and Spotify.

Yolo has a 41.4% interest in Magic Media which has launched a service called ROXI. Although the new service has licence agreements with Universal, Sony and Warner, its rivals have very entrenched positions.

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