Beats Music raised a big round of new funding, according to multiple reports that put the total amount raised between $60 million and $100 million. The new raise comes after Beats secured a $60 million round of financing a year ago, once again proving the point that digital music is a really expensive business. Beats competitor Spotify, for instance, has raised close t0 $540 million so far, and is now looking to go public to bring in more cash.
Spotify wants to keep the Echo Nest open for third parties, but Rdio’s CEO says that he doesn’t want to share his company’s data with a competitor. Read more »
Tired of sitting or standing? I ran into the Locus chair at SXSW, which offers people a happy medium of leaning on a tractor-style seat. Lean in, y’all. Lean in. Read more »