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Kylie Minogue-backed streaming startup secures £13m funding
Kylie Minogue has secured £13million in funding.The UK-based Roxi, currently available via Sky Q and Android TV, has been described as the world’s first “made for TV” music service, and offers its users access to a catalogue of 55million songs as well as a karaoke function.As The Guardian reports, new investors including the former EMI chairman Guy Hands have helped Roxi get well on its way to a potential £200m flotation on London’s stock market. The latest funding values the platform at around £50m, and will be used to expand Roxi to 500m devices by 2022.This comes after Minogue was announced as an investor last month.
