Apparently GagaVille wasn’t enough avatar action for Mother Monster. We’re hearing reports that Lady Gaga and Kanye West have invested in still-in-beta startup, Turntable.fm.
According to Business Insider, the two musical monsters (Mother and “motherf**king”) are contributing to a $7.5 million financing round, headed up by Union Square Ventures.
Turntable.fm recently scored licensing agreements with ASCAP (American Society of Composers, Authors and Publishers) and Broadcast Music, Inc (BMI).
We’re reached out to the musicians’ camps for comment.
For the the under-rock-dwellers: Turntable.fm is basically akin to AOL chatrooms of old — with music. Right now, it’s invite-only (and U.S.-only), but if you have a friend on Facebook who’s already using it (you likely do), you’ll be able to get access. Around 300,000 people already have.
Once you have an account locked and loaded, you can start checking out and creating DJ rooms, where users take turns manning the decks and spinning songs via MediaNet or by uploading MP3s. Other users rate music as “awesome” or “lame,” which garners a DJ points and, consequently, access to cooler avatars. Perhaps Gaga and Kanye will soon be among them, since Deadmau5′s avatar is down for the count.
Between Spotify and Turntable.fm, this is a great year for discovering new music.
Bring back, http://turntable.fm/ontd! All Britney, All the Time.