After acquiring two significant music-related blogs (Stereogum and Idolator) in the past two weeks, social media network Buzznet has signed on Universal Music Group as an investor.
This is believed to be the first time a major music company has taken a role in developing editorial programming for a social media site; both companies will share in the revenue.
More here
Yay, 100th post!
Monday, April 21, 2008
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