
Kanye and Gaga Invest in Turntable.fm


SoundTracking is becoming more and more popular and, of course, that means that it’s becoming more and more attractive to investors — to the point that it has just received some $4.75 million in venture capital.
Join us on July 31 for our Social Curation Summit in New York, where you'll learn new strategies to connect and engage with your audience using visual communities such as Pinterest, BO.LT, and Tumblr. Speakers include Scott Belsky (Behance), Shane Rahmani (Thrillist), and Elias Roman (Songza Media). Register by June 7 and save. 
Social media is overtaking one of the world’s most exciting races, as mobile phones and social networks will play major roles in the upcoming New York City Marathon. For this year’s big event, the Mobile Spectator App has expanded, allowing fans to follow runners throughout the event that will be held on Sunday, November 6. Read more
For most sports fans, watching a game has always and will forever be a social event. NFL Sunday, March Madness, the Olympics, and anything involving the playoffs are much anticipated and social-centered affairs. While smartphones and Twitter in particular have connected sports fans around the world while watching games, one social network is attempting to streamline fandom, hoping it will occur exclusively within their online world. Read more

Distimo, the app store market tracking service, continues to reveal the importance of the freemium model. Free app downloads have grown 34 percent since 2010 in contrast to paid app downloads which grew by 7 percent. In the past the firm also reported a 10x growth in freemium revenue from top releases on the App Stor. More after the jump.

Pandora has just launched a comprehensive redesign that makes the streaming radio/music discovery service, like a backward-time-traveling grandparent, both prettier and more functional than before. The new look (which provides a bit more context for the company’s rising IPO this past summer) is available to all Pandora users and adds improvements like streamlined cross platform communication, bulked-up social networking features and more.

Have you ever seen a DJ playing a set while walking down the street? I haven’t. But the wonders of modern technology continue to astound us by taking impossible (and maybe even unnecessary) scenarios and translating them to reality. Hence the adaptation of Turntable.fm, the social music service that digitizes DJing, to an iPhone app — the exact scientific breakthrough we need to move forward in the field of mobile party-starting.

Today Tapjoy has hit a major landmark of attaining over 10,000 apps in its network through its latest partnerships with OMGPOP and Moblyng among others. This milestone is significant because it shows that there are at least that many freemium based apps utilizing virtual currency to monetize their apps.

Turntable.fm, you beautiful creature. So many of us thought that you had disappeared but here you are again, getting back to business and, reportedly, being funded by two of the biggest names in contemporary pop music: Lady Gaga and Kanye West.
Although the news is still only a well-founded rumour at this point, all signs point to an incoming sum of cash arriving from the (deep, deep) pockets of the Fame Monster and ‘Ye. As valulations of the social music/game company have skyrocketed, some $7.5 million has been drawn up by Union Square Ventures, West and Gaga. Neither musicians’ camps have officially commented on the deal but its validty seems extremely likely, given that Union Square Ventures has gone on record regarding their part in the business’ financing.
West and Gaga aren’t the only ones likely to become interested in Turntable.fm either. The recent financing round that drew the two artist’s attention has led to the service being valued at a formidable $37.5 million (surely more than enough to design a few more loudly coloured player avatars).
With licensing arrangements already having been made with industry giants, BMI and ASCAP, the future looks bright for Turntable.fm. An influx of cash and a solution to the site’s previous legal quagmires are probably all it will take to get the music giant into the right position to enjoy a massive, wide-scale launch.
Turntable.fm is currently in invite-only beta mode right now but, if you’d like to look through the window at what the cool kids are up to, you can go ahead and click on this link. We’ll be keeping a close watch on what happens next as Turntable.fm moves closer to public release.

Are you a doodler? Do you finish up every meeting, workday or class with a notebook full of doodles? Doodle.ly wants you to set your notebook aside take your doodling online with a new social sketchpad that lets you create and share doodles with your friends on Twitter, Facebook, Tumblr and Google+.

It is one of the most exclusive leagues in the world. People aspire to belong, spending their lives working hard to gain access, while others on the outside simply resent those on the inside. Major League Baseball, much beloved and elite, just added another perk to their long list of comforts: an iPad app for players-only. Read more