Online radio station and audio aggregator TuneIn has raised $50 million to fund a growing portfolio of programming for a paid service to rival Sirius XM. Today’s new $50 million in funding values TuneIn at about $500 million, a source told Bloomberg. Marker, IVP and Comcast Ventures led the round,…
Category archives: Startups & Funding
In Another Step Towards Music, Facebook Acquires Source Draft
Although music has historically taken a backseat for Facebook, there’s been some movement behind the curtain of the popular social network suggesting this could soon change, most recently through the purchase of rights management startup Source3. ____________________________ Guest post by Bobby Owsinski of Music 3.0 Music hasn’t been a huge…
Cinq Music Nabs $20 Million From GoDigital For Music Rights Acquisitions, International Expansion
Cinq Music has completed a $20 million Series B rounded funded by GoDigital Media. Cinq will use the funding to purchase music rights, both masters and publishing, and to further expand internationally. Additional details of the funding were not disclosed. ____________________________________ Artists services firm Cinq Music has built its business…