News Corp.--the newspaper, TV, and film company built by media mogul Rupert Murdoch--sees something in digital music it likes.
News Corp. has acquired a small stake in music start-up Beyond Oblivion, which plans to enable consumer electronics makers to preload music on handhelds, computers, and other gadgets, according to multiple music sources.
Beyond Oblivion did not respond to interview requests. Allen & Co., the well-known boutique investment bank, was also part of the $10 million series B funding round.
With MySpace Music, News Corp., already has acquired a significant position in digital music. That site is run in partnership … Read more