Social Audio Innovator Gimme Radio Raises $3 Million, Inks Media Partnership with iHeartMedia to Amplify Reach Across New Communities and Creators
More than a streaming service, Gimme provides a venue where artists choose the music and fans show support through tipping, merchandise sales, and vinyl subscriptions
Gimme Radio, the digital radio destination where fans connect directly with their favorite artists and support them through tipping, vinyl subscriptions, and merchandise sales, today announced $3 million in funding in a round led by iHeartMedia, the #1 audio company in America.
iHeartMedia joins a slate of music industry heavyweights who have backed Gimme’s bold vision for a thriving and sustainable future for digital music, including The Orchard, Concord, Metal Blade Records, Riser House Entertainment, and Quartz Hill Records.
Gimme is a community of music fans where artists and tastemakers choose the music, and everyone is welcome to chat while they’re listening. Country musicians and fans, for example, can use Gimme’s unique tools to connect and curate a music channel, while the entire fanbase chats and reacts in real time, building a new kind of community around music curation.
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The ability to support artists is at the center of the Gimme Radio experience, which invites members to virtually tip the DJ and buy merchandise, just like they would at a live show. The fresh investment, which includes media spend across iHeartMedia properties, will allow Gimme to amplify its reach to millions of fans across more genres, while offering iHeartMedia an innovative way to build communities of music fans around its programming and talent.
“With our unparalleled reach in communities across America, iHeart’s brands and platforms connect artists and fans like no one else,” said Chris Williams, General Manager and Chief Product officer of iHeartRadio. “We’re pleased to partner with Gimme to further extend that important connection while enabling Gimme to reach our audience and provide companionship to Country and Metal fans with their innovative community- and creator-oriented features.”
Gimme Radio was founded by a team of music industry executives with extensive experience at digital music services including Beats, Apple Music, Google Play Music, and Napster (formerly Rhapsody). They’ve also been musicians and have covered the industry as journalists, so they deeply understand all aspects of the industry.
“This team helped shape digital music as the world knows it today and Gimme is our vision for the future,” said Tyler Lenane, CEO and co-founder, Gimme Radio. “Creating rich communities of artists and fans who can have meaningful conversations, build real relationships, and transact directly with one another is how the world will experience music and support artists. In an era of pennies, Gimme is already putting whole dollars into artists’ pockets through incredible, community-based fan experiences.”
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