Beyond Oblivion, a US-based digital music market, has raised $77m from a consortium of corporate venturing groups to buy worldwide content rights and make its commercial launch.
Wellcome Trust, a UK-based charitable foundation with £2.1bn ($3.4bn) in venture and growth capital, was joined in Beyond’s latest round by media conglomerate News Corp, investment bank Allen and Intertrust Technologies, a digital rights management company with three portfolio companies (the others are Seacert and SyncTV). Talal Shamoon from InterTrust was a director on Beyond’s board at the B round, which raised $10m in April last year from News Corp, Allen and InterTrust, according to the portfolio company’s regulatory filing.
Beyond had also raised $2m during the previous autumn.
Jon Miller, chief digital officer for News Corporation, said: "Our additional investment in this business serves as an endorsement of the progress that Beyond Oblivion has made in bringing this innovative new music…
