MYPLAY IS A VC-GRABBIN' PLAYA
Digital-music storage-locker provider Myplay, Inc.has completed a more than $18 million round of financing, led by Paul Allen's investment organization Vulcan Ventures, Inc.
In addition to Vulcan--which has also funded DreamWorks SKG, Rioport, Oxygen Media, ZDTV and Metricom--Institutional Venture Partners and additional private investors also contributed to this financing round.
The company said the funding would be used to further develop new services for Myplay customers, including support for wireless devices and broadband applications. The company will also continue to build its infrastructure and service-based business-to-business functions as it grows as a marketing channel for the entertainment business.
Myplay recently announced strategic partnerships with AOL's Winampand Spinner. Other partners include Emusic.com and Rollingstone.com. The company also has marketing agreements with DreamWorks Records, Artemis Records, Beggars Banquet, Beyond Music.com and Jive Records.
"Myplay's innovative digital music services complement perfectly the many other music, retail and online companies in our investment portfloio," said Vulcan Ventures President William Savoy. "It also means I can keep all my Kajagoogoo files away from the grubby hands of my underlings."
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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JAMES KING: THE HITS INTERVIEW (PART ONE)
