{"id":39070,"date":"2026-10-07T05:34:49","date_gmt":"2026-10-07T03:34:49","guid":{"rendered":"https:\/\/www.mixtv1.com\/index.php\/2026\/10\/07\/shareholder-filings-detail-why-mrak-was-removed-from-afterlifes-parent-company\/"},"modified":"2026-10-07T05:36:26","modified_gmt":"2026-10-07T03:36:26","slug":"behind-the-scenes-why-mrak-was-ousted-from-afterlifes-parent-company","status":"publish","type":"post","link":"https:\/\/www.mixtv1.com\/index.php\/2026\/10\/07\/behind-the-scenes-why-mrak-was-ousted-from-afterlifes-parent-company\/","title":{"rendered":"Behind the Scenes: Why MRAK Was Ousted from Afterlife\u2019s Parent Company"},"content":{"rendered":"

Leadership Shakeup: Carmine Conte Departs Management at Karmat Music<\/h2>\n

Significant changes have occurred within the corporate structure of Karmat Music GmbH, the Berlin-based entity responsible for the globally recognized Afterlife brand. Official documentation from the Berlin commercial register confirms that Carmine Conte, widely known as MRAK, has been stripped of his position as managing director. This decision was finalized on August 6, 2026, following a vote by fellow stakeholders Matteo Milleri (Anyma) and co-founder Aurelia Ortiz, with the formal registration of this transition occurring on August 17.<\/p>\n

Clarifying the Scope of the Exit<\/h3>\n

While initial reports, such as the MRAK\u2019s exit from Afterlife<\/a> coverage by EDMTunes, highlighted the departure, the recent filings provide a clearer picture of the legal boundaries of this move. It is essential to distinguish between management roles and equity ownership: while Conte has been ousted from his executive duties, he retains his 30% stake in the company. The current resolutions passed by the board do not impact his status as a shareholder, meaning he remains a significant financial stakeholder in the organization despite his loss of operational control.<\/p>\n

The Mechanics of the Shareholder Vote<\/h3>\n

The ownership of Karmat Music is distributed among four primary entities. Aurelia Ortiz, Matteo Milleri, and Carmine Conte each possess a 30% share, while the Italian firm SIPAL S.p.A. holds the remaining 10%. The process of removing Conte required a specific procedural path due to the company\u2019s internal bylaws.<\/p>\n

An initial attempt to finalize the removal was made during a meeting on July 9. However, because only Ortiz and Milleri were present, they represented only 60% of the share capital. This fell short of the 75% quorum mandated by the company\u2019s articles of association, rendering the meeting ineffective for a vote. With neither Conte nor representatives from SIPAL in attendance, the motion could not proceed.<\/p>\n

To bypass this deadlock, the company utilized a provision within its articles that permits a second meeting to be convened with the same agenda. Under these specific rules, the second gathering is empowered to pass resolutions regardless of the percentage of share capital present, allowing Milleri and Ortiz to successfully finalize the management change.<\/p>\n

\u00bb More Info >>><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The leadership landscape at Afterlife has shifted: Carmine Conte, better known as MRAK, is no longer a managing director at Karmat Music GmbH. According to shareholder minutes filed with the Berlin commercial register, co-founders Anyma (Matteo Milleri) and Aurelia Ortiz voted on August 6, 2026, to remove Conte from his position with immediate effect. The official registry confirmed the departure shortly thereafter<\/p>\n","protected":false},"author":55,"featured_media":39071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wpai_generated_summary":"","wpai_meta_description":"","footnotes":""},"categories":[2],"tags":[3779,3730,947,1193,5700,5701,5702,5703,36,3775,79,5704,5705],"class_list":["post-39070","post","type-post","status-publish","format-standard","has-post-thumbnail","category-360music","tag-aeden","tag-aeden-records","tag-afterlife","tag-anyma","tag-aurelia-ortiz","tag-carmine-conte","tag-karmat-music","tag-matteo-milleri","tag-mixtv","tag-mrak","tag-music-news","tag-sipal","tag-tale-of-us"],"_links":{"self":[{"href":"https:\/\/www.mixtv1.com\/index.php\/wp-json\/wp\/v2\/posts\/39070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mixtv1.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mixtv1.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mixtv1.com\/index.php\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mixtv1.com\/index.php\/wp-json\/wp\/v2\/comments?post=39070"}],"version-history":[{"count":1,"href":"https:\/\/www.mixtv1.com\/index.php\/wp-json\/wp\/v2\/posts\/39070\/revisions"}],"predecessor-version":[{"id":39080,"href":"https:\/\/www.mixtv1.com\/index.php\/wp-json\/wp\/v2\/posts\/39070\/revisions\/39080"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mixtv1.com\/index.php\/wp-json\/wp\/v2\/media\/39071"}],"wp:attachment":[{"href":"https:\/\/www.mixtv1.com\/index.php\/wp-json\/wp\/v2\/media?parent=39070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mixtv1.com\/index.php\/wp-json\/wp\/v2\/categories?post=39070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mixtv1.com\/index.php\/wp-json\/wp\/v2\/tags?post=39070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}