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Beats Music raises up to $100 million of new funding

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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.