That is.. at least $437.8 million, based on our rather conservative estimates and September updates. Which leaves October, November, and December ripe for even more gambling. And yes: this could easily go to half-a-bil by year-end.
So who were the winners in September? Songza pulled a 'seven-figure' round at mid-month, which we conservatively pegged at $1 million. And, Turntable.fm confirmed a $7 million round, an infusion we originally estimated at $7.5 million in July. Here's the relatively simple September tally...

...and the more complicated 2011 cumulative. It's another Digital Music News exclusive!


Comments Closed
@DFGglobal Friday, September 30, 2011
DFG
The rebirth of the music industry!

@st1ck3r Friday, September 30, 2011
Chris Seidensticker
Interesting, but 50% went to 3 companies. Spotify with $100M...

Jason Miles Friday, September 30, 2011
None of this has anything to do with the music-Artist developement,A&R etc. Much of it is smoke and mirrors and many of the VC funded companies won't be around in a year ot two

Chris Martin Monday, October 03, 2011
Although I agree that probably > 90% of these will not last the next few years at best (and the VCs that funded them expect this), a few of these actually do serve an artist-development purpose... consider Nimbit -- indie artist, direct-to-fan sales.

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