Penske Media Makes Strategic Investment In BuzzAngle Music

Penske Media Makes Strategic Investment

PENSKE MEDIA CORPORATION (PMC), parent company of VARIETY and ROLLING STONE, is making a strategic investment in BUZZANGLE MUSIC. Founded in 2013, and launched in 2016 by BORDER CITY MEDIA Founder JIM LIDESTRI, BUZZANGLE provides music analytics services that incorporates the daily sales, streaming, and airplay activity of albums, songs, and artists.

“We’re thrilled to announce our investment in BUZZANGLE and partnership with JIM and the team,” said PMC Founder/Chairman/CEO JAY PENSKE. “BUZZANGLE has already accomplished many milestones -- but, as part of this new alliance, we will jointly push even more aggressively to make the charts an essential and central part of music, media, and the entertainment industry.” Added LIDESTRI, "PENSKE MEDIA is the perfect partner to help BUZZANGLE fulfill the goals we set out to achieve at our founding. The needed funding will accelerate product development, and the reach of VARIETY and ROLLING STONE will provide an unparalleled ability to bring charts and data analysis both to the music industry and to music fans worldwide."

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