Startup music publisher gets $72M

London-based music publisher Stage Three Music has raised £40 million ($72 million) in venture capital to buy song rights amid a swelling of interest in licensing agreements to hawk popular music online and to cellular telephone users, according to Yahoo News.

"With the advent of legal song downloading over the Internet and through mobile telephone networks in the past year, song rights are increasingly hot property. Cell phone users download music as ringtones and as full songs. A growing number of digital radio, Internet radio and digital audio broadcasters further offer royalty opportunities for music copyright owners.

emily | 12:33 PM | News, Buzz |
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