Top iPad Music Apps (a/o May 23rd):
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This isn't the start of another bonfire, at least not yet. Just this morning, Nimbit shared the news of a $1.25 million round. It's a nice, relatively conservative bet, and another sign of cautious optimism around DIYs.
Nimbit confirmed the round to Digital Music News, and pointed to participation from existing investors. That follows a similarly-sensible amount for FanBridge, though it pales in comparison to outlandish bets for other music plays like Beyond Oblivion ($77 million) and Rdio ($7.5 million in its latest round). "The music industry is now turning the corner and direct-to-fan has emerged as the new model," said Bob Cramer, Nimbit's CEO. "We're fortunate to be in the right place, at the right time, leading this direct-to-fan revolution."
Nimbit had previously raised $2.6 million since 2005.
Comments Closed
GreGG Friday, March 11, 2011
Congrats to Nimbit!
"Direct-to-fans" is certainly the directions now. Or, better yet, it should be "Fans in Concert with Their Favorite Artists," as it is at BuyMyPlaylist.com :)
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