Well, they took their time, but the popular music site Project Playlist will make two announcements tomorrow: They’ve hired former Facebook Chief Revenue Officer Owen Van Natta as CEO, and they’ve closed a new round of financing.
We’ve been digging on this story for weeks, but the company wouldn’t confirm the rumors and actually asked one of our writers to leave their office when we sent him over there to figure out what was going on. Apparently nothing was final then.
The size of the new financing isn’t being disclosed, although we’ve heard that it was just shy of $20 million. Bob Pittman’s Pilot Group led the round. The company had previously raised around $3 million.