Business Matters: Radical.fm Raises New Funding for Personalized Web-Streaming Service
Business Matters: Radical.fm Raises New Funding for Personalized Web-Streaming Service

Radical.fm Raises New Funding
-- In a year filled with Internet radio stories, it's no surprise that another startup has raised money to deliver a customized song playlist to music lovers.

Personalized web streaming service Radical.fm has raised an undisclosed sum of second-round funding from a group of private investors. The company says the money will be used to develop a new HTML5 player and create mobile apps for all platforms.

Radical.fm allows users to create stations with one or more (up to 12) genres of music. Radical Indie, a service that will focus on independent music, is expected in early 2012, according to the web site.

This has certainly been the year of Internet radio services. Pandora had an IPO. Clear Channel acquired Thumbplay and re-launched iHeartRadio with a mix of personalized streaming and webcasts of Clear Channel stations. Earbits raised $605,000 in funding and launched in July. On Monday, Myxer debuted Myxer Social Radio. On Tuesday, Nokia announced its Nokia Music app with personalized radio features. 8tracks and Songza, mixtape services that were both named to Billboard's list of top startups of 2011, had strong years.

And although subscription services are fundamentally different than radio-focused services, it's worth mentioning that Spotify, which launched Stateside in July, offers artist radio stations for many artists in its catalog. Competing services Rdio, Mog and Rhapsody also have artist radio features. (Press release)

Spotify Launches in Its 10th Country

-- Have a lot of Facebook friends in Austria? Sharing music with them became much easier after Spotify launched in Austria - its tenth market -- Tuesday. The pricing is the standard 4.99EUR for PC access and 9.99EUR for PC and mobile. Austrians will also get Spotify Free, the ad-supported version of the service. As in other countries, Austrians will get unlimited free, ad-supported music for the first 6 months of their account. After that, they'll get 10 hours of free music every month. ( Spotify blog)

SoundHound Gets Daughtry Exclusive

-- Sound identification app SoundHound will have a two-day exclusive for the new song by the band Daughtry. "Outta My Head" will premiere on SoundHound globally and free of charge on Saturday, November 12. During the premiere, SoundHound will showcase a link to stream the full track on its music discovery and "What's Hot" pages. "Outta My Head" is from Daughtry's third album, "Break That Spell."

"We are thrilled to team up with Daughtry to bring this exclusive experience to SoundHound music lovers," said Kamyar Mohajer, vice president of SoundHound Inc. "Tens of millions of people around the world use SoundHound to discover new music and artists, and being able to stream an entire track from a major band before it becomes generally available brings tremendous value to both our fans and the artists."

"Outta My Head" is SoundHound's third new music exclusive. In June the company premiered the Pitbull song "Rain Over Me." SoundHound users reacted positively by streaming the song 4.3 million times over a two-day period, VP of marketing Katie McMahon told Billboard back in June. The service's first premier was Secondhand Serenade's "Rain Over Me."

Songtrust Teams Up With Indaba
-- Songtrust, an online rights management solution for independent songwriters, has announced a partnership with Indaba Music, an online service for musicians to create, collaborate, and find professional opportunities.

As part of the partnership, Songtrust will offer music publishing administration services at a discount to Indaba Music's community of 600,000 musicians. Songtrust will also promote Indaba Music's songwriting and remix opportunities to its affiliated songwriters and independent music publishers.

Songtrust and Indaba Music have put together a contest to launch the partnership. Indaba members will have the chance to submit an original song, and the winning artist will receive a trip to New York - with paid flight and accommodations - for a Songwriter Development Day with Songtrust and Indaba. For more information, go to
http://www.indabamusic.com/opportunities/songtrust.

Sanctuary5B Teams Up With Synergy Global
-- Sanctuary5B Entertainment has announced the formation of an ongoing partnership with Synergy Global Entertainment http://www.sgeworldwide.com (SGE), producer of some of today's most successful music and lifestyle touring festivals. The exclusive agreement is set to produce a variety of tours, destination festivals and other branded projects featuring some of the biggest names in the entertainment world.

"Our partnership with John Reese and SGE is another great leap forward in Sanctuary5B's ever expanding mission to provide the greatest opportunities to our artists and their brands," said Carl Stubner, Co-CEO of Sanctuary5B Artist Management, in a statement. We all come from various points in the business, but we've all had success with creating and managing long-lasting, successful brands," added Cory Brennan, Co-CEO. "This will lead to opportunities that will benefit the combined companies, the artists and the fans."

SGB produces the Jägermeister Music Tours, the Rockstar Energy Drink UPROAR Festival and the AVALANCHE Tour. In addition, the company co-produces the worldwide Rockstar Taste of Chaos and the Rockstar Energy Drink Mayhem Festival. (Press release)

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