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# Interscope Joins $25M Buzznet Investment Round
- URL: https://www.hypebot.com/interscope-join/
- Published: 2008-03-31T07:07:00.000Z
- Updated: 2008-03-31T07:07:00.000Z
- Description: UPDATED: Venture capitalists have been very active in the online music space in recent months and now record labels are jumping into the fray. This week music-focused social networker Buzznet . Continue reading [https://www.hypebot.com/hypebot/2008/03/interscope-join.html]
- Author: Bruce Houghton
- Tags: Uncategorized, #wp, #wp-post, #Import 2026-01-21 11:06

[![Buzznet_logo](https://hypebot.typepad.com/hypebot/images/2008/03/29/buzznet_logo.gif "Buzznet_logo")](http://hypebot.typepad.com/.shared/image.html?/photos/uncategorized/2008/03/29/buzznet%5Flogo.gif&ref=hypebot.com)

[![Interscope_4](https://hypebot.typepad.com/hypebot/images/2008/03/29/interscope_4.jpg "Interscope_4")](http://hypebot.typepad.com/.shared/image.html?/photos/uncategorized/2008/03/29/interscope%5F4.jpg&ref=hypebot.com)

****UPDATED:**  
**Venture capitalists have been very active in the online music space in**  
**recent months and now record labels are jumping into the fray. This week music-focused social networker [Buzznet](http://www.buzznet.com/?ref=hypebot.com) grabbed a third round of $25 million**  
**in funding including several million dollars from Universal’s Interscope, according to [PaidContent](http://www.paidcontent.org/entry/419-interscope-universalmusic-takes-stake-in-buzznet/?ref=hypebot.com). Exactly what the label hopes to gain form the deal remains unclear.**

The funding will in part be used for acquisitions. Just a few months ago BuzzNet bought popular indie music blog [Stereogum](http://stereogum.com/?ref=hypebot.com). The deal was facilitated after the blog’s early investors Bob Pittman and Jason Hirschhorn of SlingMedia traded their equity stakes for stock in BuzzNet.

**UPDATE:**

**Buzznet is already using some of its [new funding](http://hypebot.typepad.com/hypebot/2008/03/interscope-join.html?ref=hypebot.com) to buy music social network application provider [Qloud](http://www.qloud.com/?ref=hypebot.com). ([Mashable](http://mashable.com/2008/03/30/buzznet-acquires-qloud/?ref=hypebot.com)) Other acquisitions appear to be in the offing. The Daily Swarm has a [letter](http://www.thedailyswarm.com/headlines/interscope-buys-stereogum/?ref=hypebot.com) from Buzznet to a music blogger offering to talk about a deal.**