Listen.com funding is music for Net's ears

Saturday February 05 by Claudia bourneRed Herring
The recording industry continued its slow embrace of the Internet when four of the major labels contributed to Listen.com's third round of venture financing, which netted approximately $9 million. With Bertelsmann's BMG Entertainment, EMI Recorded Music, Seagram (NYSE: VO)'s Universal Music Group, and the Time Warner (NYSE: TWX)'s Warner Brothers Music Group participating in the round, all five of the major labels have now pressed their seal of approval on Listen.com





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