RUMOR MILL
Wednesday, May 24, 2000
SPUTNIK7.COM LIFTS OFF WITH $7 MILLION MORE
Multimedia Site Closes $7 Million Financing Round, Still Has Phone-A-Friend, 50/50 Left
Chris Blackwell's entertainment Webcaster Sputnik7.com has closed a $7 million financing round from technology investment fund Relight and investment firm Avalon Investments.
The company plans to use the funds primarily on candy and video games, but also to support its business development and expanded marketing initiatives.
Sputnik7's programming showcases music, film and animation and includes an on-demand music video channel.
Despite rumors to the contrary, Sputnik7.com offers no information on the maligned ‘80s band Sigue Sigue Sputnik.
HIPGNOSIS BOARD APPROVES UPPED BLACKSTONE BID
But it ain't over till it's over. (4/29a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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JAMES KING: THE HITS INTERVIEW (PART ONE)rumor mail
