Financial Times:

Competition between Spotify and MOG is intensifying as the new digital music services race to win support from investors, record labels and listeners.

 

The transatlantic rivals – aided by two veterans of the online music industry – are both raising new funds to build a service which they hope will lure music fans away from piracy and provide a new revenue stream for the music industry as CD sales fall.

MOG on Friday announced $9.5m in new funds from Balderton Capital, a...

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