Back in January, TechCrunch Europe broke the news that Luxembourg-based digital music startup Jamendo was running out of money fast and looking for an exit.
Three months later, the company is announcing that European music broadcasting and technology company MusicMatic has purchased the entire stake investor Mangrove Capital Partners held in the startup.
It’s unclear exactly how big Mangrove’s piece of the pie was, but I gather they were a majority shareholder in the company. → Read More
Back in January, TechCrunch Europe broke the news that Luxembourg-based digital music startup Jamendo was running out of money fast and looking for an exit.
Three months later, the company is announcing that European music broadcasting and technology company MusicMatic has purchased the entire stake investor Mangrove Capital Partners held in the startup.
It’s unclear exactly how big Mangrove’s piece of the pie was, but I gather they were a majority shareholder in the company. → Read More
[Italy] BuskerLabel thinks it has a new take on crowd-financing for unsigned bands. The Roma, Italy-based startup lets fans sponsor an artist’s upcoming album not at the point of pre-production but ramping up to its release. In return for pledging cash, fans get early access to the music and, upon release, are rewarded with a credit on the album’s digital sleeve notes and a high quality ‘lossless’ download. The bands themselves are able to build fan loyalty and get to keep 80% of any cash pledged with BuskerLabel taking the remainder.
Interestingly, all of the music released through the site is Creative Commons licensed, meaning that it is free to download and distribute for personal, non-commercial use. In other words, fans aren’t required to pay anything to download the music once its released, only if they want early access and the additional perks. → Read More
Jamendo, a community of free, legal music published with Creative Commons licenses, is actively looking to sell to or merge with another company, TechCrunch Europe has learned. Jamendo CEO Laurent Kratz has confirmed rumors that had made their way to Twitter earlier this week.
The reason is fairly simple: Jamendo is running out of money after failing to raise a follow-up round of venture capital. The startup was looking to raise 1.5 million euros (roughly $2.15 million) after securing a ‘significant amount’ in Series A funding back in June 2007. The company failed to come to an agreement with Mangrove Capital Partners, its original backer, and a potential new investor. → Read More
Jamendo, a community of free, legal music published with Creative Commons licenses, is actively looking to sell to or merge with another company, TechCrunch Europe has learned. Jamendo CEO Laurent Kratz has confirmed rumors that had made their way to Twitter earlier this week.
The reason is fairly simple: Jamendo is running out of money after failing to raise a follow-up round of venture capital. The startup was looking to raise 1.5 million euros (roughly $2.15 million) after securing a ‘significant amount’ in Series A funding back in June 2007. The company failed to come to an agreement with Mangrove Capital Partners, its original backer, and a potential new investor. → Read More
I’m a Web fanatic, I admit. But you probably already knew that… My work environment has been completely web based for years now. The same applies to my music. Like many people, I used to download music from Kazaa or eMule (Yeah, I know some of you still do). Most of the time now, I listen to music on the web and don’t have any need to download it. My laptop benefits the most from this inclination since it’s not weighed down by music files, thus saving me tons of space and virus headaches (you eMule users know what I’m talking about). Anyhow, if I do choose to download music, I can always do it over at iTunes or my favorite place in the web: Jamendo.
Music plays a large role in our lives. Since the web now plays an even bigger part, combining the two together has become unavoidable. The greatest thing about this powerful duo is that you don’t need to spend a lot of time searching for music you like — just use this nifty guide list and you’ll find just about everything you need to enjoy hours of good music. The sound quality changes from service to service, but overall, it’s good enough for regular web usage. → Read More
Online music has been one of the most tumultuous categories online. Ever since Napster launched in the late 90′s, the music industry has been scrambling for a new model. DRM was once thought the industry’s saving grace, but consumer frustrations and movements from big players like Apple have reversed the trend. Some are even streaming it for free. Luxembourg-based Jamendo (launched in 2005) is a grass roots site, following the DRM free music trend by helping artists distribute their music under the Creative Commons license. They just closed their series A round of funding from Mangrove Capital Partners today for an undisclosed sum. You may not have heard of Jamendo because their growth has been focused in areas like the Continental and Central European markets. However, Jamendo intends to put the money toward growing in North America, Brazil, India and Russia. Artists can upload their tracks to the service and pick what type of creative commons license they want to list their music under. Listeners can create profiles, review music, post videos, and play the tracks in Jamendo’s player. Tracks can be put into easily shared playlists or downloaded from the site. In exchange for uploading their music unknown artists get promotion and distribution from fans gushing about their tracks embedding the songs on their sites, and sharing albums across P2P networks. Donations are also appreciated. Jamendo claims over 140,000 active users with nearly 4,000 albums and over 40,000 user reviews. Creative Commons does have a competing public license music search engine powered by OWL, but lacks the social networking aspect. There’s no word on a business model yet, although the site currently runs banner advertising. Imeem is a close competitor to Jamendo, which lets users listen to Snocap and indie artists, while splitting ad revenue with the track owner. Amie Street’s demand based music pricing is also another model to watch. Jamendo may follow a similar model. → Read More
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