Turntable Labs, a United States-based company, has successfully raised $8.2 million to launch its new social music streaming platform, Hangout. This funding round was led by notable investors, including Joseph Perla, who aims to redefine how users interact with music online.
The announcement, made on August 29, 2024, is poised to make a significant impact in the competitive streaming landscape, emphasizing community engagement and social interaction within the music listening experience. Hangout aims to allow users to gather virtually and experience music together, reminiscent of the social interactions that occurred in physical venues.
The funds will be used to develop the platform further and enhance its features, ensuring it stands out among existing music services. The company has also formed strategic alliances, including a recent partnership with BeatDapp to combat streaming fraud, showcasing a commitment to maintaining the integrity of the platform.
Turntable Labs has laid the groundwork for Hangout to not only be a streaming service but also a space that fosters community, where music lovers can share their experiences and connect with one another.
For more details, visit Music Business Worldwide.