TuneWiki Secures Strategic Investment From DOCOMO Capital

Growth Includes Executive Team Additions and Upcoming Mobile Game Launch

Feb 16, 2010, 12:57 ET from TuneWiki

LOS ANGELES, Feb. 16 /PRNewswire/ -- TuneWiki, the award-winning provider of social media players, today announced that DOCOMO Capital, Inc., the corporate venture arm of NTT DOCOMO, has made a strategic investment in the company in a supplemental closing to its previously announced Series B financing.

The investment will help TuneWiki continue to build new products and expand its current offerings for mobile platforms and the Web. Using its patented technology for timed and subtitled music lyrics, TuneWiki plans to launch a mobile game and significant feature upgrades to the TuneWiki social media player.

"With TuneWiki's ability to translate and subtitle lyrics in more than 40 languages, we were looking for strategic partners to help us expand into new markets," said Rani Cohen, CEO of TuneWiki. "Japan is one the most advanced markets in the world for Karaoke applications; and we believe that with the help of DOCOMO Capital, we can introduce lyrics to the majority of cell phone owners in Japan."

TuneWiki also today announced two executive team appointments: Lawrence Goldberg as chief operating officer and Michael Steiner as director of marketing.

  • As COO, Larry will be responsible for managing TuneWiki's expansion efforts. Larry has more than 23 years of experience in the entertainment and digital content industries as an entrepreneur, executive and attorney. He also spent more than nine years as an executive officer of Activision where he served in various capacities including EVP, Worldwide Studios, chief corporate officer and general counsel.
  • In his role as director of marketing, Michael will be responsible for all consumer and trade marketing initiatives, public relations, brand management and the launch of TuneWiki's new game. Michael has worked at several leading consumer product and consulting firms and spent the last four years at Activision-Blizzard where he most recently served as senior global brand manager for the Guitar Hero franchise.

About TuneWiki

TuneWiki is an award-winning social media player that provides timed, subtitled lyrics. With the largest legally-licensed lyrics database in the world, TuneWiki wants to change the mobile music experience. The technology behind TuneWiki combines subtitled lyrics with music and music videos. Lyrics are translated into more than 40 languages making TuneWiki the global lyrics resource for music-lovers. TuneWiki also makes music social – with community wiki-features for lyric and translation updates, real-time mapping and geographical charting of music listening habits around the globe and a fan community. TuneWiki allows you to interact deeply with the songs you love and learn about what others love as well. Founded in 2007, the company is headquartered in the British Virgin Islands and has offices in Los Angeles; Bellbrook, Ohio and Tel Aviv, Israel. To learn more, visit www.tunewiki.com. To download TuneWiki's iPhone, Android, BlackBerry, Symbian V5 or desktop applications, visit www.tunewiki.com/device.aspx.

About DOCOMO Capital

DOCOMO Capital, Inc. is a wholly owned U.S. subsidiary of NTT DOCOMO, INC. (NYSE: DCM), the leading mobile operator based in Japan. Working closely with NTT DOCOMO's business and R&D divisions, DOCOMO Capital is in charge of NTT DOCOMO's strategic investments in mobile communications related start-up companies mainly in the United States. For further information, visit www.docomo-capital.com.