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Scooped by Jérôme Rastoldo onto Music business |
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"Is this a simple case of dumb money, or the beginnings of a totally new industry? Because for all the collapse and total devaluation being experienced by the music industry, there are still plenty of people willing to gamble. That is, to the tune of roughly $621 million in 2012 alone according to Digital Music News stats, which now turns out to be roughly 1 in 43 dollars committed by the broader VC investment community last year. " Delete the scoop?
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Music database startup Songkick has landed investment from venture capital firm Sequoia Capital. Songkick, which can be used with both iPhones and Spotify, helps music ... Delete the scoop?
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Anyone who thinks investment in music is 'drying up' clearly hasn't looked at the numbers. Because with less than two weeks left in 2012, investment in music-related startups and companies has reached $619.3 million, a near-34 percent gain over 2011.
Spotify wasn't the biggest catch, either. Deezer claimed a monstrous $130 million round, while Sonos received a handsome $135 million in financing. Those rounds, coupled with Spotify's $100 million, accounted for roughly half the total pot. Here's the rundown of every financing round that we reported in 2012, typically confirmed by the participants (company, investors, or both), or filed publicly. Other times, figures were reaffirmed by publications like the Wall Street Journal. Via Albin Serviant 
Albin Serviant 's curator insight,
December 17, 2012 11:09 AM
Quite a good year .... well done @ Deezer :) Delete the scoop?
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