BurnLounge LLC: Multi Level Mondays
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Justin Timberlake and Burn Lounge
New York City-based Burn Lounge has raised $13 million from entertainment industry investors, including Justin Timberlake. The company turns music fans into promoters and sellers by charging for access to its catalog of music and web storefront tools. Sellers earn $0.05 per song sold or $0.50 per album. It generated $1 million in sales in its first month. Fans now operate $40,000 to $50,000 online retail shops; it's the fifth largest music download site.
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