Another one of those music biased social networking services, called MOG, has received $2.8 million in second round funding. According to reports, among the new investors are Universal Music and SonyBMG. Those reports follow news earlier in the month that Universal had invested in social networking based blog platform Buzznet. Whether all this social network investment is part of some clever digital strategy by Universal et al, or some 'erm, better get some net assets me thinks' panic buying, I don't know and wouldn't wish to comment on it. MOG is similar in many ways to last.fm, and was founded by former Gracenote boss David Hyman.
Apr 30, 2008
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1 min read
Majors get some MOG
Music social networking service MOG has raised $2.8 million in second-round funding, with Universal Music and SonyBMG reportedly among the new investors.