Watch CBSN Live

Music Community Site Mog Gets $2.8 Strategic Investment From UMG, Sony BMG, And Angels

This story was written by Joseph Weisenthal.

Mog, the Berkely, CA-based music community site, has taken a $2.8 million strategic nvestment from Universal Music Group, Sony BMG, as well as various angels. The site, which competes with sites like iMeem and iLike, was started by David Hyman, formerly of Gracenote, which recently announced a sale to Sony (NYSE: SNE). According to VentureBeat, which first reported the news, it has previously raised $3.2 million over two angel rounds, for a total of $6 million. Last December, the company announced a partnership with Rhapsody allowing bloggers to share and discover new music.

By Joseph Weisenthal

View CBS News In