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What had been circulating as rumors that Owen Van Natta, the ex Facebook exec will be taking up the CEO position in the ever popular Project Playlist have now been confirmed. Plus the company has rounded up $20 million in their latest round of funding led by the Pilot Group. The sum raised will be used for fending off RIAA charging the company of litigation. Plus there are chances that it may very well acquire iMeem, another similar service that enables users to create and embed playlists anywhere.