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September 21, 2017

Patreon Raises $60 Million in New Funding to Scale Up Operations

Auto-renew Subscription, Business Operations, Business Services, Business Strategy, Consumer Services, Entertainment and Streaming, Free Subscription, Memberships, News, Product Development, Revenue and Sales, Subscriber Acquisition, Subscription Apps /

Membership platform Patreon announced Tuesday that it raised $60 million in Series C funding, which will allow the company to scale up its team and operations. This brings the company’s total funding raised to date to $107 million. This funding round was led by Chris Paik at Thrive Capital. Additional investors include CRV, Freestyle and Draper Fisher Jurvetson through partner Barry Schuler, according to TechCrunch. TechCrunch also said that the startup is valued at around $450 million.

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How Subscription Streaming Services May Yet Save The Music Industry

Business Strategy, Consumer Services, Entertainment and Streaming, News, Research, Research and Benchmarks, Subscriber Only /

Technology has overturned business models and revolutionized the way we enjoy music maybe more than it has any other form of entertainment. That revolution continues to shake up music makers and distributors. But the universal human yearning to listen means that opportunity will be there, somehow. The recording industry seems to be finding that opportunity in anywhere-anytime music, especially on a subscription basis.

How Subscription Streaming Services May Yet Save The Music Industry Read More »

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