Entertainment · Music · 6 hrs ago
RANS Ends Its Planned Role in D'MASIV's Asia Home Run Tour
RANS has ended its planned involvement in D'MASIV's Asia Home Run Tour, effective November 9.
The Indonesian company had planned to work with concert organiser Antara Suara under a term sheet signed in May 2026.
RANS said it made the decision after considering recent developments and the company's interests, but did not give a specific reason.
The move follows withdrawals by performers and vendors from RANS Carnival in Yogyakarta, held on October 31 and November 1.
Some musicians scheduled for the carnival said they could not take part based on their own considerations about the situation before the event.
RANS said ending the tour partnership would not significantly affect its finances, operations or business continuity.
Unused IPO proceeds will still be allocated to organising music concerts, in line with the company's existing plan.
RANS has ended its planned role in D'MASIV's Asia Home Run Tour, effective 9 November 2026.
The company had planned to work with PT Ruang Antara Suara on the concert series under a term sheet dated 4 May 2026.
RANS said it made the decision in view of recent developments and the company's interests.
It said ending the arrangement would not significantly affect its finances, operations or business continuity.
The company said the decision would not change its planned use of proceeds from its initial public offering.
- Who
- PT Rans Entertainment Indonesia Tbk (RANS) and PT Ruang Antara Suara.
- What
- RANS ended its planned cooperation and will not take part in D'MASIV's Asia Home Run Tour.
- When
- Effective 9 November 2026.
- Where
- The tour's location is not stated.
- Why
- RANS cited recent developments and the company's interests.
This story does not have two clearly opposing sides.
RANS and PT Ruang Antara Suara based their planned cooperation on a term sheet dated that day.
RANS told the Indonesia Stock Exchange there had been no change to the cooperation as of that date.
RANS decided to end the planned cooperation and its involvement in the tour, effective immediately.
CNBC Indonesia published its report on RANS's decision.
- Company
- PT Rans Entertainment Indonesia Tbk (RANS)
- Tour
- D'MASIV Asia Home Run Tour
- Planned partner
- PT Ruang Antara Suara
- Term sheet date
- 4 May 2026
- Decision effective
- 9 November 2026
- IPO proceeds
- RANS said unused proceeds remain allocated for music concert activities.
What people are saying
Considering recent developments and the Company's interests, on 9 November 2026 the Company decided to end the planned cooperation with those parties and not continue its involvement in the D'MASIV Asia Home Run Tour, effective from that date.
The unused IPO proceeds remain allocated for music concert organization activities in accordance with the Company's plan for the use of funds.