Startups

Fuzic Completes $3 Million Funding Round For Licensed Playlists, Audio Messaging

Fuzic, a music marketing technology startup, today announced the completion of a $3 million seed funding round led by High Alpha, Allos Ventures and Hyde Park Venture Partners. A just completed $3 million seed round for Fuzic, brings the music tech startup’s total funding to $3.52 million. Fuzic creates and…

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Royalty Exchange Adds $6.4 Million Funding, 3 Industry Veterans To Advisory Board

Royalty Exchange, a digital marketplace for royalties, has secured $6.4 million in funding, as well as added three new industry veterans to its board of advisors. The company had been seeking to raise $3 million, but said it increased its offering due to demand. Royalty Exchange provides a platform for…

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Sirius XM Invests $480 Million In Pandora

The rumors were right about talks between Sirius XM and Pandora, but only late yesterday did the chatter shift from acquisition to investment. This morning Pandora [P] confirmed that U.S. satellite radio company Sirius XM [SIRI.O] would invest $480 million in the music streaming company. ____________________________________________ Under the terms of…

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Midemlab 2017 Music Tech Startup Winners: HumOn, Truelinked, Soundcharts, Vinci Smart Headphones

Midemlab, the startup contest of music industry conference Midem has chosen its winners. Finalists delivered live pitches today in front of an audience and jury of investors and potential partners. The twenty 2017 Midemlab finalists who pitched live on Wednesday were chosen from 136 submissions representing 32 countries worldwide by…

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Apple Music’s Bozoma Saint John Becomes Public Face Of Uber, Shares Reasons For Move

Bozoma Saint John, one of Apple Music’s most visible executives, has resigned and joined Uber as its Chief Brand Officer. Saint John had been Pepsi’s head of music and entertainment before joining Beats Music just months prior to Apple buying the music streamer and headphone manufacturer. ________________________________ Before joining Apple…

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Everfest Festival Experiences Platform Raises $3.6M From Live Nation, ATX

Everfest, a global festival search engine and calendar, has raised $3.6 million in a funding round co-led by Live Nation Entertainment and ATX Seed Ventures. Benchmark Capital’s Bob Kagle also returned as an investor. C3 Presents (Lollapalooza, ACL) co-founder Charlie Walker and Chris Shonk of ATX will join the board….

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Heather McBee Talks Startup Accelerator Project Music [INTERVIEW]

In this interview Heather McBee chats about a new music focused startup accelerator, Project Music, how its altered its operations strategy, where the accelerator is headed in the future, and why it’s been garnering so much attention. ________________________ Guest post by Hugh McIntyre Last week at the 2017 Music Biz…

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Once Promising Nashville Music Tech Startup Dart Music Selling Assets In Chapter 11

Dart Music, once considered the most promising tech startup in the Nashville music scene, has begun the process of selling off their assets after filing for bankruptcy protection in February. The company, which bills itself as a metadata services company, became a classical music distributor, allowing classical composers and small…

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Snapchat Lost $2.2 Billion Last Quarter, Stock Drops 23%

Snapchat parent Snap Inc. reported disappointing earnings late Wednesday; and Wall Street punished the stock, pushing it down more than 23% in the first two hours of after market trading. Falling to $17.65 in after hours trading, Snap stock is now hovering very close to the $17 per share it…

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Smule Raises $54M At $604M Valuation, As More Musicians Use Platform To Connect With Fans

Social music startup Smule has raised $54 million in a strategic financing round led by Tencent. The funds will be used to expand the service, which has 54 million monthly active users creating over 20 million songs daily, into Asia. ____________________________________ Giant Chinese investor Tencent has led a $54 million…

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