The first quarter numbers are in, and they’re dripping with hope. According to Digital Music News first quarter tallies, music financing topped an impressive $129.7 million during the first three months of this year, an impressive 54.9 percent gain over the same period last year.
And those are just the amounts we can confirm.
The first quarter of this year, which technically ends March 31st, featured some monstrous bets. Daisy lured $60 million from the likes of Russian billionaire Len Blavatnik, while VEVO garnered an estimated $50 million. Other gambles included Musicmetric ($4.7 million),MusiXmatch ($3.7 million), and TakeLessons ($4 million).