Music Money

Nearly $400 Million Has Been Invested In Music Startups This Year

Music MoneyMuch has been said about the music industry killing off any new service that looks to change how music is sold or how the industry functions – whether that be offering new revenue streams or altering old ones. The most recent example of this was Turntable.fm, a service which lets music fans DJ to others either on their own or collaboratively to other users – live playlists of sorts, which has recently shut its doors to everywhere but within the US border.

But this hostile climate has not stopped firms investing in digital music startups, with some Digital Music News research finding that there has been nearly $400 million invested in them this year so far (see table below). That is a lot of people having faith that eventually the music industry may start to embrace rather than sue new music revenue models.

Music Investment

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