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Music content company LoveLive attracts £1.7m investment

Music content company LoveLive attracts £1.7m investment
Pippa Considine
27 September 2013

Music content company LoveLive has had an injection of £1.7m from investors.

Three executives behind sports media company Perform Group have made personal investments in LoveLive, which has doubled its revenues each year for four years and is set to start making profits by 2014.

LoveLive makes money by bringing together brands, artists and record labels to make music content. It has worked with artists including Madonna and Rihanna and has several music based formats in its catalogue.

LoveLive chief executive Richard Cohen is a former director at Perform. He has said that that the company is looking to raise US$20m from institutional investors to fund expansion plans.

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