social music sites posts
FeedPosted Dec 7th 2007 10:00AM by Tech Confidential (RSS feed)
Filed under: Investments
While the music industry remains perpetually confused in trying to figure out the best ways to make money through digital offerings, there are plenty of entrepreneurs seeking success where the big players have failed.
An increasing number of so-called social music sites have flourished recently by hooking up people with like musical interests and turning them on to bands they might enjoy.
The latest to cash in is MyStrands Inc., which earlier this week announced it added $24 million in a B round of funding on top of the $25 million it received in June. The Corvallis, Ore., company has developed a social recommender engine designed to provide personalized recommendations of music products and services through PCs, mobile phones and other Internet-connected devices.
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