And Another Round: Ecast Scores $17 Million…
San Francisco-based digital jukebox company Ecast recently rallied $17 million, according to SEC documents unearthed by paidContent. The round included LG Electronics USA, as well as previous backers Foundry Group, Escalate Capital Partners, DCM and Crosslink Capital.
Resnikoff’s Parting Shot: Saving The Orchard…
Perhaps Greg Scholl faced an impossible mission. But instead of a profitable expansion, the Orchard is now facing widening losses and a slimmer cash position. In a hardscrabble environment that favors smaller overhead, big asset acquisitions like TVT are proving problematic. So are short-term survival strategies that rely on bank-issued debt.
Goldman Loves WMG+YouTube… But Remains Cautious
The re-embrace of YouTube and Warner Music Group drew cautiously optimistic feedback from Goldman Sachs on Tuesday. In an investor note shared with Digital Music News, analyst Ingrid Chung pointed to a number of upsides on the deal, including hefty advertising percentages for Warner.
Ten Billion Reasons Why YouTube Is So Powerful…
Reading a book has never seemed so unappealing. Instead, the typical media consumer is file-swapping and gorging on video content, often through YouTube. According to the latest stats from comScore, YouTube grabbed 10 billion video views during the month of August alone. The US-based figure is just a chunk of a broader total of 25 billion, an all-time high. In [...]