Online music company Launch Media says it has completed a $2 million short-term secured debt financing from a major media company. Launch would not disclose the name of the company.
Launch provides a music site called Launch.com that offers music fans streaming audio, a collection of music videos, artist information and music news. Last year, the Santa Monica, Calif.-based company partnered with Yahoo, Softbank and Tokyo Broadcasting System to develop a Japanese version of its music Web site.
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