MXP4, a startup that creates interactive tools that allow artists and producers to let listeners “play” and interact with digital music, has raised $2.7 million in funding from Sofinnova Partners and Ventech Capital. The Paris-based company previously raised $6.5 million in funding from the same investors in 2007.
Launched in 2007, MXP4, which offers a digital format to music that rivals the MP3 format, lets users remix tracks, add images and video content, add music layers and more. The startup is also replacing founder and CEO Gilles Babinet (who will become the chairman of the board) with Albin Serviant, former executive vice president and general manager of Vivendi Mobile Entertainment.
Sounds like a very interesting site…I want to do the same thing with my domain mashups.com
ha ha ha. tool.
LOL!
Giving users/consumers more control over their music and everything else will only yield success.
So how does this venture makes anyone any money?
Ok so now I have a cool player, now what, how do a company make any money from this?
How does…
Don’t worry about it, it’s probably too much for you to handle.
Meh- so no one told France about the Financial Crisis.
These guys are just treading a path already more expertly trodden by GoMix, JamGlue and a few others.