Falling revenue growth and pricing pressures mean that ad-supported business models cannot compensate for declining music revenues.
Sarita Jones, 31 March 2009
Mobile content distributor IMI Mobile, based in Hyderabad in India is buying digital music distributor DX3 of London as a beachhead to push in to the European and non-mobile markets. The UK company distributes music to white-label platforms like that of UK broadcaster ITV. IMI's delivery...
More »
Sarita Jones, 25 March 2009
iSkoot, which enables Skype on mobile phones, has raised $19 million in third round funding from a group of VC's led by Vision Opportunity Master Fund. Existing investors Charles River Ventures, Khosla Ventures, Jesselson Capital Corporation and ZG Ventures also participated in this round.
More »
Sarita Jones, 12 November 2008
AT&T has acquired Wayport, which provides managed Wi-Fi services in the United States, for $275 million in cash. The deal will add Wayport's enterprise customer portfolio and expertise to AT&T's IP and 3G networks, consumer and business customers, to deliver enhanced broadband connectivity at...
More »
Sarita Jones, 07 November 2008
RockYou, the Californian social applications company has raised $17m right in midst of the credit crunch, which suggests that some VCs are not as spooked as others by the market conditions.
More »
Sarita Jones, 03 November 2008