Russian streaming service Zvooq announced an investment of $5 million. The influx of funding came from local electronic retailer Ulmart. The streaming platform also inked a partnership with mobile phone operator Tele2. Continue Reading
Russian streaming service Zvooq has finalized a contract with Sony Music, making it the only fully licensed independent music service in the country. “Sony Music is the owner of one of the largest international catalogs, and our cooperation with that company will allow Zvooq to present the entire volume of international music to our users,” the company’s Head of Content Tanya Mulkidzhanova told Billboard. Continue Reading
Brief news items and worthy reads from around the web: Vevo owners rethink selling; Zvooq completes financing round; Brad Paisley helping to launch My Country Nation. Continue Reading