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Songdrop--new playlist service

NEXT-GEN MUSIC AGGREGATOR: This is intriguing. London-based Songdrop, which allows you to create playlists from such varied sources as YouTube, SoundCloud, VEVO, Pitchfork and blogs with a Drop It button, has closed its first investment round of $150k in seed funding from SOIC Capital, Hypebot reports. Songdrop, which was one of the finalists in last year’s EMI Innovation Challenge, is free to the user, but paid mobile apps are in development as well as in-app purchases to enhance the playback experience and monetize the app. Several label execs have praised Songdrop for music discovery and capture. Says WMG’s Jason Rothery: "We are discovering music via so many different channels now—blogs, websites, YouTube, Twitter, SoundCloud, etc., and it is often hard to remember where you heard what, meaning music can sometimes be forgotten.” Songdrop was founded last year by Brittney Bean, Richard Taylor and James Towers. Chris Helm, previously U.K. Finance Director for EMI Music Publishing, recently joined the team as Finance Director to develop a financial strategy for Songdrop. Check out the quick demo above. (3/5a)

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