Social music site receives funding from record labels
 

Social networking site MOG said Wednesday it had received an additional $2.8 million in funding, some of it coming from Universal Music Group and Sony BMG.

The site has around a million unique users a month according to company statistics, and promotes itself as a destination for music enthusiasts to discover new music and connect with others who may have similar music tastes.
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*Source: BetaNews (http://www.betanews.com/article/Soci...els/1209577783)
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