Intertainment Media announced today a 20% ownership investment in Toronto startup Tunezy, Inc.
Tunezy is a disruptive social platform for the recorded music industry that recently won the entrepreneurship competition held at the National Business & Technology Conference (NBTC).
Tunezy is a direct, musician-to-fan "social record label" where individuals can closely follow and help promote their favorite independent musicians. Set to launch the private beta this summer, the site will provide a social platform where emerging musicians can grow their careers.
Tunezy competed against 32 startups across North America at NBTC and placed first overall. The event attracted over 80 startup teams and those that made it through the first cut presented their ideas and strategies to a judging panel of venture capitalists, executives, and fellow entrepreneurs. Tunezy won $5,000 in cash from KPMG, BlackBerry Playbooks from RIM, and $30,000 worth of advisory services from MaRS Discovery District, as well as news coverage in the Globe and Mail.
In addition to its financial investment, Intertainment Media is providing Tunezy with multiple resources to ensure it attains fast and sustainable growth including office space, operational support, and direct access to its executive team for mentorship and guidance on the company's direction, strategies, and commercialization.
Intertainment Media is based in Toronto, Canada, and owns and operates a number of key properties including Ortsbo, Ad Taffy, itiBiti and Magnum.