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DJTUNES.COM wins MP3 inventor and bm|t as investors

  • 2008

Bochum, 19th Novem­ber 2008 – The lead­ing dig­i­tal pre­mium music ser­vice for club and dance music in Ger­many, DJTUNES.COM, receives promi­nent sup­port. The com­pany was able to win two fur­ther renowned investors with the MP3 co-inven­tor, Pro­fes­sor Dr. Karl­heinz Bran­den­burg, and bm|t beteili­gungs­man­age­ment thürin­gen GmbH.

After the pre­mium music ser­vice DJTUNES.COM received a seed invest­ment from the lead­ing Ger­man early-stage investor, High-Tech Grün­der­fonds, in 2006, the Bochum-based com­pany now enters another growth stage.

DJTUNES.COM wants to fur­ther expand its posi­tion as lead­ing dig­i­tal pre­mium music ser­vice with the sup­port of the investors Pro­fes­sor Dr. Karl­heinz Bran­den­burg and bm|t beteili­gungs­man­age­ment thürin­gen GmbH. “We can sys­tem­at­i­cally develop new prod­ucts and mar­kets with our renowned part­ners and thus sig­nif­i­cantly accel­er­ate our growth speed”, states Timo Becker, one of the three founders of DJTUNES.COM.

A branch office was recently estab­lished in the imme­di­ate neigh­bour­hood of the Fraun­hofer-Insti­tute for Dig­i­tal Media Tech­nol­ogy (IDMT), on the cam­pus of the TU Ilme­nau by Pro­fes­sor Dr. Bran­den­burg in order to pro­mote tech­no­log­i­cally-based prod­uct inno­va­tions. The launch of a new hip-hop por­tal in the sec­ond quar­ter of 2009 will con­sti­tute another impor­tant step.

DJTUNES.COM was able to become inter­na­tion­ally estab­lished as a lead­ing provider of club and dance music down­loads since its foun­da­tion in 2005. The plat­form pro­vides a music range of more than 300,000 DRM-free titles for down­load to club­bers, DJs and labels. More than 10,000 vis­i­tors ben­e­fit from user-friend­li­ness, inno­v­a­tive fea­tures, early inter­na­tional releases and an excel­lent data qual­ity (320 kbps) every day.

How­ever, DJTUNES.COM is not only a down­load por­tal but a pre­sen­ta­tion plat­form and dis­tri­b­u­tion chan­nel at the same time. Thus, mem­bers can exchange music with friends of elec­tronic sounds from all around the world in the exten­sive com­mu­nity area. More­over, each user has the oppor­tu­nity to upload self-com­posed tracks and to sell them directly via the platform.

About Dr. Karlheinz Brandenburg

Prof. Dr. Karl­heinz Bran­den­burg is con­sid­ered the inven­tor and trail­blazer of many present stan­dards in the field of dig­i­tal media tech­nol­ogy, par­tic­u­larly the com­pres­sion for­mat MPEG Audio Layer 3 (MP3). In his capac­ity as Direc­tor of the Fraun­hofer-Insti­tute for Dig­i­tal Media Tech­nol­ogy (IDMT) in Ilme­nau and Head of the Depar­ment of Elec­tronic Media Tech­nol­ogy at the Tech­ni­cal Uni­ver­sity Ilme­nau, Prof. Dr. Bran­den­burg is a pio­neer in his area of expertise.

About High-Tech Gründerfonds

The High-Tech Grün­der­fonds invests ven­ture cap­i­tal in young, up-and-com­ing tech­nol­ogy com­pa­nies, which imple­ment promis­ing research results in the indus­try. The start-up com­pa­nies are planned to lead their R&D projects to the pro­duc­tion of a pro­to­type or a “proof of con­cepts” or mar­ket launch by means of the seed financ­ing of up to 500k EUR. The High-Tech Grün­der­fonds has a fund vol­ume of around 272m EUR. Investors of the pub­lic-pri­vate part­ner­ship are the Fed­eral Min­istry for Eco­nom­ics and Tech­nol­ogy, the KfW bank group as well as the six indus­trial groups BASF, Deutsche Telekom, Siemens, Robert Bosch, Daim­ler­Chrysler and Carl Zeiss.

Press contact

Pub­lic Rela­tions, Anna Mendyuk

Kohlen­straße 51
D‑44795 Bochum
+49 (0) 234 38848–105
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