Music blog aggregator MOG Inc. has confirmed that it has
raised $2.8 million in funding from investors including two of the Big Four record labels. Universal Music Group and Sony BMG both participated in the round, which also includes existing investor The Angels' Forum. MOG had previously raised $3.2 million in two installments of angel funding, at least some of which was contributed by The Angels' Forum. It wasn't immediately clear whether any of that previous money was rolled into the new
round.
MOG operates a network of user-generated blogs that feature streaming music. Through a partnership with RealNetworks Inc. and its Rhapsody service, users are permitted to stream 25 entire songs each month or listen to an unlimited number of short sample clips. Paying Rhapsody users also can stream unlimited music using MOG.
-- Paul BonanosSee April 29 post from TechCrunch
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