Friday, August 8, 2008

Warner Music Invests In Imeem, Lala

Palo Alto-based startups Imeem and Lala.com have both scored funding from Warner Music Group, the firm has disclosed in its latest 10Q filing with the SEC. According to the SEC filing, Warner Music Group invested $20M in Lala.com, an online music site, and $15M in Imeem, an online music, video, and photo sharing site. Exact date of the investments was not disclosed, however came within the last nine months. Private equity publication TheDeal first uncovered the details in Warner Music Group's 10Q.