Jamendo Gets Cash for Creative Commons Music
Online music has been one of the most tumultuous categories online. Ever since Napster launched in the late 90's, the music industry has been scrambling for a new model. DRM was once thought the industry's saving grace, but consumer frustrations and movements from big players like Apple have reversed the trend. Some are even streaming it for free.
They just closed their series A round of funding from Mangrove Capital Partners today for an undisclosed sum.
Source: http://www.techcrunch.com/2007/07/16/jamendo-gets-cash-for-creative-commons-music/
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