Paris - Awdio, a provider of live webcasting services for concert venues, has raised about $2 million in new financing, led by Ventech, TechCrunch reported.

The Paris-based company has signed on about 100 clubs to its network, and has broadcasted 1,000 concerts over the Internet to date.

TechCrunch notes that the company had initially planned to offer consumers a subscription service, but is now looking to offering shows for free, supported by advertising.

Premium services such as access to recorded live sessions are also in the works.

Related Links:
http://snipurl.com/4vn19 (TechCrunch)

http://www.awdio.com