UK independent Independiente have clinched a multi-million dollar funding package from Ingenious Music, which is nice for them. Perhaps I'll go out and get one of them later today too. Although it's a bit hot and sticky round here to be schmoozing venture capital types. Even venture capital types with a specific interest in investing in artists.
Anyway, the first Independiente artist to benefit from the cash injection will be Martina Topley Bird who, if I remember rightly, is a CMU favourite. She will work with producer-de-jour DJ Dangermouse on a new long player for the label.
As previously reported, I'm sure, Ingenious has a fund in excess of £26 million to invest in artist led music ventures, with each venture receiving up to £2 million. Which would buy CMU a rather good air conditioning unit, I'm sure.