Amp'd gets MTV
From MocoNews, Amp'd gets 50m from MTV:
"It is investing $50 million in the much-hyped “edgy” mobile service Amp’d…this comes after MTV itself toyed around with the idea of launching its own MVNO, and decided it was too much of a financial and operational effort and risk, at least in U.S. And to add some perspective, being an MVNO is as cash intensive as you can get: Amp’d already had $67 million in funding and is in the process of raising an additional $100 million financing, according to CEO Peter Adderton, who believes the current round will be the last private financing round."
The other big announcement from MTV is that it is creating an "iTunes" product with MSFT:
"The service, dubbed URGE, will be integrated into the next version of the software maker's Windows Media Player and offer more than 2 million tracks for sale individually or as part of a subscription package.The service, dubbed URGE, will be integrated into the next version of the software maker's Windows Media Player and offer more than 2 million tracks for sale individually or as part of a subscription package."
I assume these two will go together.
"It is investing $50 million in the much-hyped “edgy” mobile service Amp’d…this comes after MTV itself toyed around with the idea of launching its own MVNO, and decided it was too much of a financial and operational effort and risk, at least in U.S. And to add some perspective, being an MVNO is as cash intensive as you can get: Amp’d already had $67 million in funding and is in the process of raising an additional $100 million financing, according to CEO Peter Adderton, who believes the current round will be the last private financing round."
The other big announcement from MTV is that it is creating an "iTunes" product with MSFT:
"The service, dubbed URGE, will be integrated into the next version of the software maker's Windows Media Player and offer more than 2 million tracks for sale individually or as part of a subscription package.The service, dubbed URGE, will be integrated into the next version of the software maker's Windows Media Player and offer more than 2 million tracks for sale individually or as part of a subscription package."
I assume these two will go together.
posted by daniel davenport at 9:51 AM
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