CURM is up 46% on strong volume today.
Friday’s Close: $0.424
Today’s High: $0.62
Current Price: $0.585
About CÜR Media, Inc. (OTCQB: CURM)
CÜR Media, Inc. is developing a new streaming music experience that intersects Pandora and Spotify for listening on the web and mobile devices.
CÜR Media, Inc. is based in Connecticut, and is led by Tom Brophy, a successful digital media entrepreneur, and entertainment and music industry veterans John A. Lack (creator of MTV, Nickelodeon, ESPN2, and The Movie Channel) and Bob Jamieson (former Chairman/CEO of RCA Records).
CÜR Music began testing in early 2012 as Raditaz, a DMCA compliant Internet radio product, and has developed web, iPhone and Android applications that in beta had over 150,000 monthly unique users. The Company plans to launch its enhanced product offering later this year with a multi-million dollar marketing campaign.
The market for streaming music access is massive. The $6.7B US recorded music market is shifting from CDs and music downloads to streaming music (access models). 275 million people over the age of 6 still listen to the radio and spend 15 hours per week listening, and more than 120 million people use some form of Internet radio in the US every month.
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