Investment for music buzz tracker Next Big Sound
The amount of the investment has not been disclosed.
Foundry managing director Jason Mendelson wrote in a blog post: “It has become apparent to us that the industry is craving data, metrics and reports that take into account the next generation of music consumers.
“The industry is in a state of flux with many different opinions about what ‘works’ but no one has quantifiable and usable data to defend their theses.”
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