Home › DMW Daily › January 16, 2007

Online Music Video Competition Music Nation Raises $5.5 Million

Authored by Mark Hefflinger on January 16, 2007 - 8:55am.
New York - Music Nation, an artist development company that hosts online music video competitions, announced on Tuesday that it has raised $5.5 million in its first round of venture capital financing, led by Greylock Partners and Point Judith Capital.

Founded in April 2006, New York-based Music Nation plans to launch its first three online music video competitions later this month. Three artists across the rock, pop and urban genres will win a recording contract with Epic Records, a unit of major label Sony BMG.

Music Nation also launched a joint venture record label with Epic -- Original Signal Recordings -- which will find and develop unsigned acts beyond the music video competition.

The company will use the new funds to build out its artist development component beyond the video competition.

Related Links:
http://www.musicnation.com

Published in DMW Daily, January 16, 2007
tags: Deals | VC | Video | Music | Greylock | Sony BMG | Music Nation | Epic | Original Signal |



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