Turntable.fm Reveals iPhone App, Music-Industry Heavy Hitters Behind Funding
Turntable.fm Reveals iPhone App, Music-Industry Heavy Hitters Behind Funding

Turntable.fm is coming off a hot summer, and today revealed a bit more information about some old funding and new services.

The main news is that it officially unveiled its mobile app, the details of which leaked late last week, which essentially allows users to interact with the playlist sharing site on their iPhone.

Additionally, at the TechCrunch Disrupt conference, the company's founders revealed the names behind a now-confirmed funding round of $7 million earlier this year. Most have been rumored for months, but the official names include famed VC Fred Wilson of Union Square Ventures (who is also a member of the company's board) but also several music industry notables, such as Lady Gaga manager Troy Carter of Atom Entertainment, Madonna manager Guy Oseary, Jimmy Fallon and bandmembers from the Roots, Myspace Music alum Courtney Holt and others.

Word is several other music industry notables are involved as advisors as well, so that's probably mitigating much of the "is-it-or-isn't-it-legal" talk that's hounded Turntable.fm since its launch. It's operated to date under DMCA safe harbor protections as a non-interactive music service, but sources say the company is actively seeking licensing deals.

Founder and chairman Seth Goldstein will be keynote speaker at Billboard's upcoming FutureSound conference (http://www.FutureSoundConference.com) in San Francisco Nov. 17-18, where he will appear with both investors and partners to be revealed at the event.

Questions? Comments? Let us know: @billboardbiz

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