TuneCore gets some tuning, bags $7 million | Startup Meme - Technology Startup and Latest Tech News

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Oct 26 2008

TuneCore gets some tuning, bags $7 million

Sardar Mohkim Khan 

image202 TuneCore gets some tuning, bags $7 millionTuneCore, helping the countless artists with spreading their music to various points like, Amazon, iTunes, etc, eliminating the need to have any third party involved has currently bagged in $7 million. It had earlier deepened its root in a deal with iLike. The deal enabled TuneCore users to take advantage of the distribution system at an affordable price.

The service is advantageous as users get to promote their songs and upon sales get to keep every earning. Giving artists a platform and enabling them to take full advantage is bound to bring them user loyalty.

The funding comes from Opus Capital and TuneCore will have additional members in its board of directors; CEO Guitar Centre, Marty  Albertson and from Opus Capital, Gill Cogan. $7 million to win from investors, specially in times of recession means that TuneCore has a business model worth the money  being put in it.

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