Tag: funding

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Napster needs outside funding within the next 12 months

Tech firm RealNetworks has published its quarterly financial results, including as usual figures for music-streaming firm Napster, in which it holds an 84% stake. Napster’s subscription revenues grew from $24.3m in...
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YouTube karaoke channel Sing King raises £550k in seed funding

In many countries, nobody’s going out to karaoke venues for the time being, but that’s creating opportunities from digital karaoke services, from apps to YouTube channels. Sing King is one of the latter, with 7.2 million...
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Management firm ie:music launches ie:ventures to invest in startups

Yesterday, we reported on the launch of music-making app Endlesss. One of the British startup's investors is music management company ie:music, through a new arm called ie:ventures. Director Stephen O'Reilly told us more...
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MelodyVR is raising $12m by selling more shares

We reported last week on virtual-reality music startup MelodyVR’s postponement of its planned expansion to Latin America and Asia Pacific, due to the coronavirus pandemic. However, the company’s growth hopes...
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Coronavirus: Bandcamp and Musicares join efforts to help artists

Alright then. We definitely want to maintain a ‘business as usual’ aspect to Music Ally’s news coverage, but as you’ll tell from our lineup today, coronavirus is overshadowing a lot that’s happening...
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Music monitoring startup Audoo’s latest funding round is £1.5m

Audoo is a British startup that has launched technology for monitoring music played in public spaces, in order to ensure the proper performance royalties are paid. The company has just raised £1.5m (just over $1.9m)...
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After 400m downloads, music apps firm MWM raises €50m

French company MWM is responsible for a suite of apps including DJ app edjing; music-making apps like Beatwave 3, Beat Maker Pro and Drum Machine; musician tools like Tuner and Metronome; and educational apps Piano, Guitar...
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Mr Eazi reveals 30 more artists for emPawa Africa program

AfroPop star Mr Eazi’s emPawa Africa is a talent incubator for artists in Africa: you may remember us writing about it in July 2019, when he inked a partnership with YouTube to support his latest cohort of Nigerian artists....
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Games platform Roblox has 115m players and $150m of new funding

Roblox is often described in shorthand as ‘the YouTube of games’ – signifying that it’s not just a game, but rather a platform where people can create and share their own games, and play those made by the rest of...
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Patreon CEO promises no ‘invisible boost’ to Capital creators

Last week, we reported on fan-funding service Patreon’s launch of a new service called ‘Patreon Capital’, providing cash advances to creators, repayable from future income earned on its platform. In an ‘Ask Me...
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Patreon Capital will provide cash advances to creators

Patreon appears to be testing a new way of getting money to its community of creators, paying them advances on their earnings from their fan communities. It’s called Patreon Capital, and first news of it emerged in a report...
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Mindfulness startup (and Spotify partner) Headspace raises $93m

Back in November 2016, Spotify launched its first ‘bundle’ subscription with another digital service: meditation and mindfulness firm Headspace. The bundle still exists, although according to Headspace it’s...