Tag: funding

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Classical streaming service Idagio raises $11.7m funding round

We’ve seen a few streaming services focusing on classical music launch in recent years, although as yet none have managed to create a symphony of success in terms of signing up subscribers. Can Idagio buck the trend?...
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Report: Tencent Music halves amount sought in IPO to $2bn

We’re eagerly awaiting more public details on Tencent Music’s IPO in the US, which will give the industry a deeper insight into the figures and trends around the Chinese company’s music-streaming services. Its filing...
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NumberEight raises funding for AI tech that could help music-streaming services

Artificial-intelligence startup NumberEight has raised a funding round after completing three trials of its technology with music-streaming companies. The London-based company raised the undisclosed amount from investors...
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MusicLife raises $5m for blockchain-based ‘music exchange’

We may be over the first rush of ‘initial coin offerings’ (ICOs) given the growing number of blockchain startups announcing funding from more traditional sources. Singapore-based MusicLife is the latest example around...
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Streaming music’s next big-name backer is… George Soros

According to regulatory filings, subsequently published by Business Insider, billionaire investor George Soros has invested an estimated $178.7m in music streaming services in the last quarter. Soros Fund Management is...
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Korean internet-radio service Spoon Radio raises $17m

South Korean internet-radio service Spoon Radio – or rather its parent company Mykoon – has raised a $17m funding round. The investors include Goodwater Capital, which was an early investor in Musical.ly according to TechCrunch,...
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Blockchain music-streaming startup Audius raises $5.5m

“SoundCloud on the blockchain?” was the TechCrunch headline last night that made us spit out our tea in surprise. But this isn’t the actual SoundCloud, but rather a new startup called Audius whose business model...
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Jeffrey Katzenberg’s NewTV startup raises $1bn in funding

Imagine if your startup’s SEED funding round was for a cool billion dollars? That’s the case for NewTV, which is the online-video startup being launched by former Disney and DreamWorks exec Jeffrey Katzenberg and former...
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TikTok owner Beijing Bytedance is raising $3bn of funding

Fresh from shutting down social app Musical.ly – or rather merging it with another app called TikTok and keeping the latter brand – Beijing Bytedance Technology is preparing for a monster funding round. The Wall Street...
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Deezer shoots for unicorn status after $185m funding round

‘Is Deezer really worth a billion dollars?’ asked one headline yesterday, as the streaming service announced a new funding round of €160m (around $185m) from new and existing investors. Well, is Deezer worth ‘unicorn’...
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eMusic claims it will raise $70m for its blockchain plans

We reported earlier this year, somewhat sceptically, on digital-music service eMusic’s plans for a blockchain-powered relaunch. Now the company has given more details about how much money it’s planning to raise to fund...
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Indian ticketing firm Bigtree Entertainment raises $100m

Indian company Bigtree Entertainment, which owns popular movie-ticketing platform BookMyShow, has raised a $100m funding round led by TPG Growth. That would be the same TPG Growth that recently led a $60m funding round...