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Spiralfrog

SpiralFrog Blew Through More Than $34 Million

Mar 23, 2009 8:26 AM

Talk about a burn rate. The financial challenges at SpiralFrog were never a secret, but CNET has obtained a letter from the company’s lawyers to its original equity investors saying that the ad-supported free music service borrowed $34 million since its 2006 launch. It’s unclear how much SpiralFrog originally raised…

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Posted In: Advertising, Entertainment, Media & Publishing, Money, M&A & Venture Capital, Venture Capital, spiralfrog

SpiralFrog Shuts Down; Is Ad-Supported Free Music Doomed?

Mar 20, 2009 8:01 AM

Late last night, SpiralFrog, the ad-supported free-music service launched in 2006, pulled the plug after a long battle with creditors over the company’s inability to manage its debt. Visitors to the domain won’t find any teary goodbye message, but rather a blank page saying the service is unavailable. CNET reported…

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Posted In: Advertising, Entertainment, Media & Publishing, spiralfrog

SpiralFrog Will No Longer Report Financials; Signs Deal With Warner/Chappel

Mar 31, 2008 10:57 AM

Well that was fun while it lasted. SpiralFrog, the ad-supported music start-up, will no longer file financial data with the SEC, reports News.com. It never made much sense to begin with that the privately held company was so transparent with its inner goings on—apparently it had to do with arrangements…

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Posted In: Entertainment, Music, Money, spiralfrog

@ Midem: SpiralFrog Exec Downplays Losses As Standard Start-Up Mode

Jan 28, 2008 1:35 PM

Right now, it only counts Universal amongst its major-label suppliers, but ad-supported free music distributor SpiralFrog is in Cannes to woo the rest. As VP Matthew Stern puts it, “That’s why we’re here, to have those conversations.” The outfit lost $6.7 million in 2006 and $3.4 million in Q307 on…

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Posted In: Advertising, Entertainment, Music, spiralfrog

Music Startup SpiralFrog Raises $2 Million

Dec 31, 2007 7:33 PM

The troubled online ad-supported music startup SpiralFrog has raised another $2 million. Not that this will help in any major way for the site to break through with consumers, but would certainly help as operational capital, something it has been looking for since earlier this year. The money was raised…

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Posted In: Advertising, Entertainment, Music, spiralfrog

Earnings
SpiralFrog: Q3 Losses of $3.4 Million; Looking to Raise Up to $25 Million

Nov 20, 2007 10:59 AM

Ad-supported music startup SpiralFrog isn’t a public company, but it files financial data with the SEC per an agreement with investors. Its latest 10-QSB filing shows the company lost $3.4 million in Q3 on a revenue trickle of $20,400. The balance sheet reveals that the company has just $2.3 million…

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Posted In: Entertainment, Music, Money, Earnings, spiralfrog

Ad-Supported Music Service SpiralFrog’s Financials: Losses; Financing Needed; Plans

Sep 1, 2007 1:37 PM

Ad-supported online music service SpiralFrog, one of 2006’s candidate’s for most-hyped new product, and still half-vaporware (it has launched a closed beta), has filed its detailed financial with SEC, though I am not sure what triggered the Form 10SB filings (it is a private company). A good picture of its…

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Posted In: Entertainment, Music, spiralfrog

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