Social music app Musx raises half a million in seed funding

An up-and-coming streaming service named Musx announced seed funding of $500,000, according to VentureBeat. It’s an iOS app designed for social sharing of music. Members can post songs from YouTube or SoundCloud. As has become common in these mobile apps, users can create their own playlists. Musx adds a collaborative angle, so friends can build playlists together. Continue Reading

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SoundCloud looking to raise $150 million at $1.2 billion valuation

SoundCloud is in discussions to raise new funding to the tune of $150 million at a valuation of more than $1.2 billion, The Wall Street Journal reported. According to two sources familiar with the negotiaions, the music platform is looking to raise money as it works to secure licensing deals with major labels. If SoundCloud successfully secures its high valuation and large funding, then it may be in a better position to play ball with Universal Music Group or Sony Music Entertainment. Continue Reading

Test Drive: Bop.fm Mobile App for iOS

Bop.fm rolled out its first mobile app today for iOS devices. I’ve been following this company closely of late because its big claim to fame is syncing up multiple music services under one umbrella. For anyone who listens to lots of music styles across many platforms, the idea is certainly appealing. The new mobile program doesn’t have quite as many streaming options as the desktop version, but it still links up three popular ones: YouTube, Spotify Premium, and Soundcloud. Continue Reading

Aussie telecom closing its music downloads store, may seek a partner instead

Australian telecommunication company Telstra announced that it is shuttering Bigpond Music, its online music download store. “The download-to-own music market has changed a lot,” a rep from Telstra said. “We believe the best way for us to continue to provide great music services to our customers is via a partner model.” Continue Reading