In about an hour, we hear, iLike and TicketMaster will announce a strategic agreement that includes a $13.3 million investment in iLike for 25% of the company.
That puts the value of iLike at a whopping $53.2 million. The company launched less than two months ago, on October 25.
We love the iLike service, which provides an excellent iTunes plugin that constantly analyzes what music you listen to and recommends new stuff. But what I don’t want to see is a “buy tickets” button next to each artist, effectively turning iTunes into a billboard. It’s not clear that’s what the companies intend to do, though. All they are saying now is that the agreement will “enable iLike to extend its reach while enabling Ticketmaster to engage consumers with deeply-integrated music and event discovery services intended to drive ticket sales.”
Previous investors in iLike include Khosla Ventures and Bob Pittman.
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