Turntable.fm Counts Kanye West and Lady Gaga As Investors
Opening to the public in May, the New York based start-up, Turntable.fm has spun about substantial investments over the last couple months. With major venture captialist Union Square Ventures as their lead investor, the social networking DJ-site has also received financial backing from Kanye West and Lady Gaga in their latest round of investment.
With the ink of the term sheets still drying, the specific amounts invested by each of the pop artists has not been confirmed. However, West and Gaga contributed to the $7 – 7.5 million round of investments garnered by the social media start up.
With valuation of the start up now measured at $37.5 million, the pop icons and major investment house may turn out a viral response through their infusion of capital.
Considering that Turntable.fm has recently secured licensing rights by ASCAP and BMI, if the start up continues operating within the Digital Millenium Copyright Act, the relatively new site will have immense financial support with little operating cost.
As long as the site can maintain itself as a non-interactive streaming radio service, it will quality for DMCA protection.
However, since the start up still needs to secure licensing rights from SESAC and EMI, users outside the U.S. will still have to wait before their access to the social media service is restored.
With over 300,000 registered users, the DJ social networking space is showing no signs of slowing down.
Posted in News
Get a $10 Music Credit Towards this Album with a Free Trial at eMusic
Related Lady Gaga Content:
News
2011 Grammy Award Nominees Announced
Scissor Sisters To Support Lady Gaga
Lady Gaga Pleads with Fans to Repeal “Don’t Ask, Don’t Tell”
Lady Gaga Snags 8 VMA Awards, Asks Fans to Help Repeal “Don’t Ask Don’t Tell”
Turntable.fm Counts Kanye West and Lady Gaga As Investors
Lollapalooza Announces Lineup!
Gaga’s “Born This Way” Exceeds Expectation
Lady Gaga Getting Sued For $30.5 Million
Lady Gaga Album Sale Spikes Amazon
Kanye West and Lady Gaga Cancels Joint Tour
Lady Gaga Reveals Strange Cover Art for Born This Way
Lady Gaga Announces Release Date for Born This Way
Related Kanye West Content:
Features
mxdwn Best of SXSW 2011
High Fidelity
Kanye West – My Beautiful Dark Twisted Fantasy
News
Kanye West “Power” Mixtape Released Online
Kid Cudi Releases New Video
Official Music Video Premiere: “Monster”
Kanye West Performs with Q-Tip
Kanye West Hints at Upcoming GOOD Music Release
New Kanye West Video For “Mercy”
Watch: Kanye West Unveils Double Video with DJ Khaled, Rick Ross, and a Kim Kardashian Cameo
Big Sean Confirms Kanye West’s New Album Cruel Winter
Daft Punk Say Again They Aren’t Touring Anytime Soon
Kanye West and Labelmates to Release New Song Every Friday ’til Christmas
Kanye West Announces New Album Release Date … Again
Kanye West’s Newest Release Tops Billboard 200
Videos Released of Kanye West and G.O.O.D. Performance at SXSW
Watch: Jay-Z & Kanye West Debut Video For “Otis”
Watch: Jay-Z and Kanye West – “No Church in the Wild”
Watch: Kanye West Unveils Double Video with DJ Khaled, Rick Ross, and a Kim Kardashian Cameo
UR1 Festival 2012 Postponed Due to Windy Weather Forecast
WATCH: Kanye West Debuts New Material At The Met Ball
Kanye West Releases Remix Featuring Jay-Z
Kanye West Announces GOOD Friday Back on, Releases New “Runaway” Artwork
Kanye Throws Release Party in NYC
Kanye West Confirmed for SXSW at Vevo Power Station
Odd Future To Collaborate with Kanye, Jay-Z, Pusha T, Nas
Kanye West Shocks with Hitler Remark
Kanye West To Premiere New Film Cruel Summer at 2012 Cannes Film Festival
G.O.O.D. Music Album Finally Gets a Release Date
Kanye West Announces Atlantic City Performances December 2012
New Kanye West Album Rumored for June 18th Release
Kanye West To Promote New Album Yeezus via More Projections Worldwide
Kanye West’s New Album Delayed…Again
Kanye West and Jay-Z EP Available By Thanksgiving
Kanye Undergoes Controversial Interview with Today Show
Kanye West Performs at Gil Scott-Heron’s Memorial Service
Listen: Stream Kanye West and DJ Khaled’s “Theraflu” (NSFW)
New RZA Directed Movie to Feature New Music From Kanye West, Wu-Tang Clan, The Black Keys and More
Kanye West, Alicia Keys, Billy Joel and More to Play 121212 Hurricane Sandy Benefit Concert
Kanye West Finishes New Album, Described As “Dark”
LISTEN: Daft Punk Releases Bonus Track “Horizon” on Random Access Memories in Japan Only
Kanye West Debuts New Songs, Joins Twitter, Refutes Album Title
Kanye West’s GOOD Music Signs Mos Def
Kanye and Jay-Z Team Up
Kanye West, Jay-Z Onstage Together
Jay-Z, Kanye West Tour Rescheduled
Kanye West Signs Q-Tip to His Label
Watch: Faith No More Cover Jay-Z and Kanye West’s “Niggas in Paris”
Listen: Kanye West New Song “White Dress” from The Man With the Iron Fists Official Soundtrack
Daft Punk Have Collaborated With Kanye West on Two Songs For His Next Album
Kanye West Confirms New Album Is Called Yeezus, Now Listed on iTunes
Musicians Ban Together To Protest Arizona Immigration Law
Kanye Releases Another New Track, Features Mos Def, Raekwon
Kanye West Releases 35-Minute Music Video/Short Film for “Runaway”
New Single for Kanye West and Jay-Z
Kanye West Releases Mixtape of His 2011 Coachella Performance
Independent Record Stores Protest Terms of Jay-Z, Kanye West Release
Listen: Jay Z’s new song “Glory” in Dedication to Daughter
Watch: Frank Ocean and The Roots Perform “Bad Religion” on Late Night With Jimmy Fallon
Listen: Kanye West, Jay-Z and Big Sean Release New Song “Clique”
3rd Annual Governors Ball Announces 2013 Lineup Featuring Kanye West, Kings of Leon, Pretty Lights and More
WATCH: Kanye West Performs Two New Songs “Black Skinhead” and “New Slaves” on SNL
Kanye West Builds Site for New Releases Including a Brand New Single “GOOD Friday”
Newest Good Friday Track Out Now!
Another Potential J-Biebs and Kanye Collaboration?
Kanye West and Jay-Z Announce Tour Dates, Officially Title Their Project The Throne
Watch: New Video Jay-Z and Kanye West’s “Niggas in Paris”
Kanye West’s G.O.O.D. Music Label Album Cruel Summer Set For August 7th Release
UR1 Festival Announces 2012 Lineup Featuring Headliners Lou Reed, Kanye West and More
Kanye West Reveals Album Details via Projections Around the World
Kanye and Jay-Z Announce 5-Track Mini-Album
Kanye’s Newest GOOD Friday Installment Is Out
Jay Z, Coldplay Perform with Special Guests Kanye West, Beyoncé, John Mayer
New Music Video From Katy Perry ft. Kanye West
West, Jay-Z Confirm Release Date for Collaborative Album
Jay-Z and Kanye West Expand ‘Watch the Throne’ Tour
Kanye West’s G.O.O.D. Music Collective to Perform at 2012 BET Awards on July 1st
Kanye West and G.O.O.D. Music Announce Track Listing For New Album Cruel Summer
Listen: Game Collaborates with Kanye West On New Track “Rollin’”
Reviews
Kanye West Live at the VEVO Powerstation SXSW
Kanye West Live at the Coachella Stage
Top Story
Nominees for 55th Annual Grammy Awards 2013 Announced, Album of the Year Candidates Actually Relevant Including The Black Keys’ El Camino, Mumford & Sons’ Babel, and Jack White’s Blunderbuss
Related Turntable.fm Content:
News
Turntable.fm Signs Deal With Major Labels