Vevo has hired Goldman Sachs to help it raise $3-$500 million, according to The Financial Times. The money will fund international expansion, acquisitions and original programming. UMG and Sony each own about 40% of the music-centered digital video service. Related articles Why Taylor Swift Chose Not To Fight YouTube Taylor…
Category archives: Startups
Music Streamer CÜR On Brink Of Bankruptcy After Raising More Than $15 Million, Stock Falls 54%
CÜR Media, the parent company of unlaunched streaming service CÜR Music is on the brink of bankruptcy, despite raising millions. The CÜR collapse follows the recent $18 million failure of social music service Crowdmix before it had launched and the current flameout at music streamer Guvera. _________________________________________ Former UMGD, CUR…
Entrepreneurship In Music: Mideast Tunes
Here Mideast Tunes founder and civil rights activist Esra’a Al-Shafei discusses her new music streaming platform and its goal of promoting social change as well as the work of underground artists from the Middle East and North Africa. _____________________________ Guest Post by Jeremy Young on Soundfly’s Flypaper "We want our…
Insights on Venture Capital Curveballs From a Startup Founder
When you start a business, you have to be ready for anything, and we mean anything.
Eight Years Of 8tracks [David Porter]
Here Founder and CEO David Porter shares reflects back on his eight years running the user-curated internet radio/social networking site 8tracks, along with how he got started in the industry and where the inspiration for the platform came from. _______________________________________ Guest post by founder and CEO David Porter on RAIN…
Online Used-Car Startup Carvana Gets $160 Million in New Funding
Carvana, set up in 2013, said it would use the proceeds to support its expansion in the U.S. to more than 20 markets by the end of this year.
Social Music App Eyegroove Shuts Down, Team Joins Facebook. Should Musical.ly, Dubsmash Be Worried?
Video app Eyegroove was an early mover in social music. Now overshadowed by Musical.ly and Dubsmash, the startup is shutting down and most of its team is joining Facebook. __________________________________________ Social music video app Eyegroove is shutting down and key members of its team are joining Facebook, startup CEO Scott…
Windish, Tmwrk, Mtheory, AGI Launch $250M Music Investment Fund With Eye On SFX, Developing Artists
The Unison Fund: What happens when a music booking agency, artist management firm and music industry consultancy join forces with an investment group and raise $250 million to fund developing artists, tours and other music industry properties? We’re about to find out. ____________________________________ Investor And Agency Chief Tom Windish As…
Bankrupt Music Tech Startup Crowdmix Sold To Controversial Billionaire Real Estate Investor Nick Candy
Bankrupt and yet to launch music tech startup Crowdmix had hit the deadpool. Now, a controversial billionaire real estate tycoon has come to the rescue. ______________________________________________ Nick Candy Bankrupt social music startup Crowdmix has been sold to Nick Candy, a billionaire real estate tycoon who was also its main investor….
PledgMusic Names Industry Veteran Adam Lekach Marketing Chief
PledgeMusic is expanding its executive team under the leadership of new CEO Dominic Pandiscia. At time when some players in the D2F and artist services sector or scaling back or shutting down altogether, PledgeMusic and its recently acquired Noisetrade and Set.fm are on a collective roll. _________________________________________________ PledgeMusic has named…