Music Tech Investments for 2009
Similar to last year, below is a list of music tech related investments and M&A deals for 2009, sorted from the most recent to the oldest. If I've left a deal out, please add it by commenting to this post.
Fourth Quarter 2009 (over $50,900,000):
- Emo Labs raises $1.5 million of convertible debt financing (December 16, 2009)
- EMI acquires music merchandise provider, Loudclothing.com (terms not disclosed; December 16, 2009)
- MySpace completes acquisition of Imeem for $1 million (December 08, 2009)
- Apple acquires LaLa for $17 million (December 04, 2009)
- Rdio raises capital (terms not disclosed; November 07, 2009)
- Abu Dhabi Invests in Music Video Portal, Vevo (terms not disclosed; October 19, 2009)
- Shazam receives capital (terms not disclosed; October 14, 2009)
- Ecast Gets $17 Million for Net-Connected Digital Jukeboxes (October 13, 2009)
- Deezer raises $9.5 million (October 12, 2009)
- Sonoma Wire Works Acquires Paul Allen's Submersible Music (terms not disclosed; October 09, 2009)
- Amie Street Raises $3.9 Million (October 08, 2009)
- Next Big Sound raises $1 million (October 06, 2009)
Third Quarter 2009 (over $149,900,000 not including the EMI or Bertelsmann deals)
- Imeem raises $6 million (September 30, 2009)
- ATDC invests in Band Metrics (terms not disclosed; September 23, 2009)
- Loudcrowd receives $3 million in second round (September 16, 2009)
- Songbird secures additional financing (terms not disclosed; September 09, 2009)
- HMV buys 50 percent of 7Digital for €7.7 million Euros (about $11 million USD; September 3, 2009)
- MOG raises $5 million (August 27, 2009)
- ShowClix secures series A (terms not disclosed; August 27, 2009)
- RightsFlow raises $1.5 million (August 26, 2009)
- Audible Magic raises $1.3 million (August 21, 2009)
- MySpace acquires iLike for $20 million (August 19, 2009)
- Thumbplay gets $2 million (August 19, 2009)
- Qtrax announces investment from partners in Asia (terms not disclosed; August 18, 2009)
- FanSnap raises $5 million (August 17, 2009)
- OurStage raises $3 million (August 11, 2209)
- Ustream raises $2 million (August 11, 2009)
- RadioTime raises $900K (August 7, 2009)
- Bandsintown closes $200 thousand as a result of LaunchBox (August 05, 2009)
- Spotify raises $50 million (August 04, 2009)
- Melodis developer of Midomi raises $4 million (August 04, 2009)
- EMI receives an infusion of $492 million (July 30, 2009)
- Pandora raises $35 million (July 10, 2009)
- Bertelsmann and KKR form music rights joint venture valued around $347 million (July 08, 2009)
- Sony invests in IODA (terms not disclosed; July 02, 2009)
- The Pirate Bay acquired for $7.7 million (June 30, 2009)
- Terra Firma invests an additional $45 million in new financing for EMI (May 29, 2009)
- MXP4 raises $2.7 million (May 15, 2009)
- Slacker raises $10 million (May 14, 2009)
- Imeem receives last minute funding (terms not disclosed; May 07, 2009)
- Goom Radio receives a $16 million first round of funding (April 14, 2009)
- SoundCloud raises €2.5 million Euros (about $3.3 USD; April 14, 2009)
- Radionomy raises $775K (March 25, 2009)
- Buzz Media raises $12.5 million (March 20, 2009)
- Nimbit raises $1 million (March 06, 2009)
- M3X Media raises $10.5 million (February 26, 2009)
- Slicethepie lands $1.4 million in additional capital (February 19, 2009)
- Ticketmaster and Live Nation agree to $2.5 Billion merger (February 10, 2009)
- Slacker raises $5 million (January 28, 2009)
- Audium raises $8.5 million (January 19, 2009)
- MixMatchMusic Acquires Mix2r (terms not disclosed; January 13, 2009)
- MyMajorCompany receives $4.1 million (January 08, 2009)
A Few Brief Observations:
- if these numbers are correct, than the above represents almost $4 billion in transactions, which is more than last year
- many of these deals did not disclose the amount, and the above list may be missing a deal or two
- even if you remove the EMI, Bertelsmann and Live Nation / Ticktemaster deals, it's still over $329,275,000 in transactions, which is also up from last year
- the second half of the year was stronger, with the third quarter being the strongest - the second half also led in terms of acquisitions as well, with most taking place in the fourth quarter, which may be an indicator of more acquisitions to come in 2010
2009 turned out to be an exciting and active year for the music industry, here's to wishing you much success in 2010 and beyond!


