NEWS BRIEF: New Facebook Concerns, VEVO Hunts $$, Echo Nest + Discog, Moobahton, Mulligan & More
Facebook stock was holding steady around $32 on Wednesday. That's off its $38 IPO and first high in the mid $40's, but still far better than feared given reports that U.S. regulators are looking at problems with the offering.
- VEVO is in early stage talks with new investors, according to the Financial Times. At present, there are no IPO plans for the music video aggregator.
- The Echo Nest has added discographies site Discogs to it's growing Rosetta Stone database.
MORE:
- Sean Parker and Sean Fannings stealth video startup Airtime has reportedly acquired former Hulu CTO’s startup Erly and raised $25M Series B funding.
- Moombahton, the new D2F revolution: The rise of the new "moombahton" dance genre couldn't have happened without direct-to-fan tactics, says Zvooq's Bas Grasmayer on Midemblog.
- Mark Mulligan on Fools Gold: "Finally Someone Builds a Digital Music Service the Way It’s Meant to be Built!"
- Pandora hosts an earnings call at 5PM ET today. Listen in here.
- Band Protests As A Copyright Troll Sues Its Fans (techdirt)
- Celebrating 15 years, indie label Yep Roc will commandeer a club in Carrboro, N.C., in October for three nights of music with label acts Dave Alvin, Nick Lowe, Fountains Of Wayne, Robyn Hitchcock and more. (Pollstar)