Beyond Oblivion Secures $77,000,000 New Financing Round
-
Feed Type
-
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dc33b0bc-90b0-41e9-a342-0a764673e842&Preview=1 -
Date
3/10/2011 -
Company Name
Beyond Oblivion -
Mailing Address
16 E. 40th Street New York, NY 10016 -
Company Description
Beyond Oblivion is a music service that combines the stickiness of a social network with unlimited life-of-device access to the largest music library on Earth, within a vast ecosystem where content owners are paid per-play no matter if the original music file was ripped, bootlegged or legally or illegally downloaded. -
Website
http://www.beyondoblivion.com -
Transaction Type
Venture Equity -
Transaction Amount
$77,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The investment provides Beyond Oblivion with the financial backing to secure worldwide content rights, deploy a robust global delivery infrastructure and market commercial launch. -
M&A Terms
-
Venture Investor
The Wellcome Trust -
Venture Investor
News Corporation -
Venture Investor
Allen & Company
