Archive for September, 2006
Network Live Dissolves, Wall Pushes New Entity
Posted under Business, Developers, Networking, Urban, UrbanTech, Venture Capital on Wednesday, 27 September 2006 by techmatrix
Live concert consortium Network Live has now dissolved, and partners AOL, XM Satellite Radio, and AEG have exited the venture. Earlier, a source close to the situation flatly pointed Digital Music News to an AOL departure, and a Network Live representative officially confirmed the larger...
Digital Jukebox Maker Ecast Grabs $20 Million Funding Round
Posted under Business, CheeseTrail, Music, Urban, UrbanTech, Venture Capital on Wednesday, 27 September 2006 by techmatrix
Ecast, a San Francisco-based manufacturer of digital jukeboxes, has just secured a funding round of $20 million. Ecast supplies internet-connected, touch-screen jukeboxes to restaurants and clubs, and currently powers 8,000 players across the United States. The latest capital infusion was led by...
Verizon Wireless Licenses Hendrix Ringtones, OTAs
Posted under Business, CheeseTrail, Developers, Music, Urban, UrbanTech, Venture Capital on Wednesday, 27 September 2006 by techmatrix
Verizon Wireless will soon deliver a slate of Jimi Hendrix ringtones, ringback tones, and over-the-air (OTA) downloads, part of a recent licensing deal with Universal Music Mobile. A total of 60 tracks are part of the exclusive deal, including famous songs like "Voodoo Child," "Fire," "Hey Joe,"...
More Nokia: Music-Focused Phones, Accessories Heat Up
Posted under Business, CheeseTrail, Music, Uncategorized, Urban, UrbanTech, Venture Capital on Wednesday, 27 September 2006 by techmatrix
The Loudeye acquisition is just one part of a larger music strategy for Nokia, which is already seeing strong sales on music-focused phones. On Monday, the company issued a year-end sales projection of 80 million music-enabled devices, a figure that could put it at the top of the category. Nokia...
Nokia, Loudeye Receive Regulatory Approvals
Posted under Business, CheeseTrail, Urban, UrbanTech, Venture Capital on Wednesday, 27 September 2006 by techmatrix
Nokia has now received regulatory approvals for its proposed acquisition of Loudeye. Specifically, Loudeye pointed to approvals from the FTC and Department of Justice in the United States, as well as clearances in Germany and Italy. Loudeye stockholders are now scheduled to approve the buyout...
LimeWire Issues Counterclaims Against RIAA
Leading peer-to-peer application LimeWire has recently issued a counterclaim against the RIAA, alleging anticompetitive practices and consumer fraud. LimeWire, a favorite among file-sharers, criticized major labels for attempting to retard technological growth, while controlling digital...
Nokia Upgrades Mobile Music Lineup, Offers 8GB Phone
Posted under Gadgets, Mobile, Music, Sales & Marketing, Urban, UrbanTech, Venture Capital on Wednesday, 27 September 2006 by techmatrix
Nokia is continuing its aggressive charge into the mobile music market, an area it hopes to dominate. The manufacturer recently offered a year-end sales projection of 80 million music-enabled phones, a bullish figure. With that goal in mind, the company is now outfitting a number of devices...
Digital Jukebox Maker Ecast Grabs $20 Million Funding Round
Posted under Business, CheeseTrail, Sales & Marketing, Urban, UrbanTech, Venture Capital on Wednesday, 27 September 2006 by techmatrix
Ecast, a San Francisco-based manufacturer of digital jukeboxes, has just secured a funding round of $20 million. Ecast supplies internet-connected, touch-screen jukeboxes to restaurants and clubs, and currently powers 8,000 players across the United States. The latest capital infusion was led...
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