UK streaming service Roxi has announced a £13m funding round (around $17.3m) this morning, led by Sun Capital Partners.
There’s one surprising name in the list of additional investors: Guy Hands, whose previous stint in the music industry with Terra Firma’s ownership of EMI could have been enough to put anyone off getting back into music. Chrysalis co-founder Chris Wright and finance veteran Lorna Tilbian also invested in the latest round.
The news came as Roxi also launched its latest new feature: ‘Roxi Music Video Jukebox’, a catalogue of more than 400k music videos from major and independent labels, plus “over 54 million videos developed exclusively by Roxi” and stock library Getty Images. In other words, videos for audio tracks that don’t have a video already. Given that Roxi’s delivery channel is via TVs, it makes sense to double down on videos, while the service’s karaoke catalogue has also expanded to 140k tracks.
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