New York-based VC Magna Entertainment has acquired a ‘major position’ in PledgeMusic, following on from a $3million investment in the UK-based business back in 2014. According to UK Companies House filings for PledgeMusic.com Ltd, Magna Entertainment’s Russell Rieger officially became a Director of the firm on January 14 this year.
Source: New York investor takes ‘major position’ in PledgeMusic – Music Business Worldwide