Online Music Label TrueAnthem Raises $2 Million

Authored by Mark Hefflinger on July 28, 2008 - 7:04am.

San Francisco - TrueAnthem, an online music label that distributes ad-supported music widgets, announced that it has raised $2 million in angel funding from unnamed investors.

Launched in April, San Francisco-based trueAnthem has so far distributed 5,000 music widgets, for artists such as Ultraviolet Sound and Hootie & the Blowfish. and has attracted sponsors including Adidas.

The widgets capture data on views, listens, demographics and song downloads.

An artist's song can either be streamed, downloaded with an embedded ad for free, or purchased ad-free for 99 cents.

 

Related Links:
http://snipurl.com/36m3z

http://www.trueanthem.com

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