News: migme expands music & content collaborations

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Social entertainment platform migme Limited (ASX:MIG) has announced new collaborations with music and content companies.

 

Singapore based migme says the partner companies include Sony Music Indonesia, Warner Music Indonesia, E-Motion Entertainment and GP Records. 

 

The collaborations are aiming to bring a broad portfolio of artists, entertainment and music content to the migme platform to grow, monetise and retain users. 

 

migme advises partner companies or artists will receive revenue – share from virtual gifts and goods directed to artists on the migme platform. 

 

The deal is expected to deliver an increase in monthly active users and sales over next year. 

 

migme reported a net loss of $1.3 million in the 2014 financial year.