Cupertino, US-based tech giant Apple is mulling on launching its own on-demand music service to compete with music streaming giant Spotify as the number of downloads goes down.
Music
Beats Music looks to raise more funding to take on Spotify
Santa Monica, US-based music streaming service Beats Music is looking to raise between $60 million and $100 million in a new funding round in a bid to keep up with bigger rival Spotify, as the Beats Electronics spin-off failed to attract the targeted number of subscribers since its January launch.
San Francisco-based music apps maker Smule scores $16.6M in new funding
San Francisco, US-based social music apps maker Smule scored $16.6 million in a new funding round led by Roth Capital Partners to develop its products and fuel its expansion into Asia.
German smart headphones The Dash breaks crowdfunding goal by reaching $3M mark on Kickstarter
Munich, Germany-based smart headphones The Dash broke its $260,000 crowdfunding goal on the Kickstarter platform by reaching a total of more than $3 million for the whole campaign.
American music startup BandPage scores $8.5M in funding
San Francisco, California-based music startup BandPage scored $8.5 million in a funding round from music tech investors such as Mohr Davidow Partners, Robert Kavner, GGV Capital, and Walden Venture Capital.
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Music education college Detroit Institute of Music Education Inc received a $3 million investment from private equity firm Beringea, a statement about the funding said.
American media conglomerate SFX Entertaiment added New York-based electronic music events ticketing service Flavorus for an undisclosed amount as part of its goal to build a new ticketing business model.
San Francisco, US-based digital music service Rdio picked up troubled Chennai, India-based music streaming startup Dhingana for an undisclosed sum as part of its strategy for international expansion.
London, UK-based music identification app Shazam confirmed the previously rumored $20-million financing from undisclosed investors, which will probably fund the firm's expansion and advertising efforts.
Women-led angel investment network Angel Academe has invested in UK-based Buddybounce, a startup that seeks to help artists determine and reward their "super fans," TechCrunch reported.
Sydney, Australia-based music streaming firm Spotify snapped up Somerville, US-based music discovery engine The Echo Nest for an undisclosed amount to create an improved music discovery service for its clients.
New York, US-based YouTube monetization platform Audiam pocketed $2 million in a Series A funding round led by music industry big names Jason Mraz, Jimmy Buffet, Bill Silva, Brett Gurewitz, and Bad Religion.
Penzance, UK-based firm Acoustic Stream launched a $50,000 crowdfunding campaign via Kickstarter to develop a 4-in-1 device that allows guitarists to tune their guitar, and record, stream, and share their performances to the world.
San Francisco, US-based Internet radio startup 8tracks, a music service that is not yet widely known but already has 8 million active users, provides unique and awesome playlists and successfully maintains its profitability at the same time.
