MusicNet Gets New Funding Worth $10 Million


In an attempt to “revive” the somewhat orphaned online music subscription service MusicNet, its founders–three of the world’s biggest record labels and RealNetworks–have invested a new tranche of cash: $10 million. “A source close to the company said the new round of funding should squash the rumors the service is for sale, showing that its partners remained committed to it.”

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