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Showing posts with label raises. Show all posts
Showing posts with label raises. Show all posts

Thursday, June 23, 2011

UK royal wedding fund raises 1 million pounds (Reuters)

LONDON (Reuters) – More than one million pounds ($1.62 million) has been contributed to a gift fund set up by Britain's Prince William and Kate Middleton ahead of their wedding, the couple's office said on Wednesday.

The Royal Wedding Charitable Gift Fund was set up to allow well-wishers to donate money to the couple's 26 chosen charities instead of sending a wedding gift. About half was donated by members of the public and wedding guests, and a quarter paid directly to the charities concerned.

The remaining quarter came from revenues raised via a television interview with the couple, sales of the Royal Wedding Album and sales of the Mario Testino photograph printed in the wedding brochure.

The 26 charities to benefit were chosen because they were "close to their hearts and reflect the experiences, passions and values of their lives so far," the fund's website said at the time of its launch.

The fund focuses on five causes: Changing Lives through Arts and Sport; Children Fulfilling Their Potential; Help and Care at Home; Support for Service Personnel and Their Families and Conservation for Future Generations.

Some of the charities are based in Canada, Australia and New Zealand, which Prince William's office said reflected the close ties he had established during past trips.

William and Kate, who married in a glittering ceremony on April 29th, are due to fly to Canada at the end of the month in their first official tour abroad. They will then travel to Los Angeles.

The funds will be distributed by the Foundation of Prince William and Prince Harry.

(Writing by Avril Ormsby; Editing by Paul Casciato)


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Shazam raises $32 million to expand music, TV services (Reuters)

SAN FRANCISCO (Reuters) – Shazam, whose technology lets people use their cell phones to learn the names of catchy songs, has raised $32 million in funding to bolster expansion plans and move the company closer to a potential public stock offering.

The new funding, led by venture capital firms Kleiner Perkins Caufield & Byers and Institutional Venture Partners, will allow Shazam to double its 100-person staff and accelerate product development as it steps up efforts to expand into the television market.

The company would not disclose the valuation it received in the funding round, but Chief Executive Andrew Fisher told Reuters that it was in the "hundreds of millions of dollars."

Valuations of Internet companies have soared in recent months, as investors snap up shares of privately held companies that are developing fast-growing social networking and mobile computing services.

LinkedIn Corp, a professional social networking website, and online music service Pandora Music Inc had splashy initial public offerings in recent weeks. LinkedIn's shares more than doubled on their first day of trading, while shares of Pandora gained as much as 30 percent on the first day, but have both since sunk below the opening price.

Fisher said the recent IPO activity has had no influence on his views about going public and he said that Shazam has made no decision about whether to list its shares on the public market. But he said that Shazam, which has nearly 150 million users, was on track to be considered an "IPO candidate" in 18 months as the company makes progress developing its business and its financial performance.

Shazam, which is based in London, does not disclose its revenue, but the company has been profitable for two years.

While the company is best known for its music-recognition software, which runs on cell phones and analyzes the sound waves of music played on the radio or in restaurants, Shazam is increasingly focusing on the television market.

As a result of deals that Shazam has struck with TV networks including Comcast Corp's NBC Universal and with advertisers, consumers can point their cell phones to their TV sets during certain television shows and commercials to access perks such as special offers and additional videos.

Fisher said he expects revenue from the TV business to account for 50 percent of Shazam's revenue in two years. And the company said it is on track to have 250 million users within two years.

DN Capital, an existing Shazam investor, is also participating in the company's latest funding round.

(With additional reporting by Sarah McBride; Editing by Lisa Shumaker)


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Saturday, June 18, 2011

Montgomery Gentry raises prostate cancer awareness (AP)

ATLANTA – Eddie Montgomery of the country duo Montgomery Gentry thought he was only getting a sore hip checked out when his doctor spotted a "shadow" on his X-ray. It turned out to be prostate cancer.

The singer was diagnosed in November, a time he describes as one of the most frightening of his life. But he was able to have the tumor surgically removed.

"When you hear the `C' word, you don't believe it," said Montgomery, who is a father of three. "You don't know how bad it is. I thought about my kids. It was tough to hear that I had gotten cancer. But we were able to find the cancer in its very early stage and had it removed. ... I'm glad I got tested early enough before it was too late."

Now as a cancer survivor, the 47-year-old Montgomery and partner Troy Gentry want to bring awareness to the disease through a free concert. The concert is after the Atlanta Braves-Texas Rangers game on Sunday in support of Major League Baseball's contest, "My Dad, My MVP."

Prostate cancer survivors who registered through the Braves' website are able to attend the game for free. As part of Father's Day, the platinum-selling group will take part in an on-field ceremony for the "My Dad, My MVP" winner.

"I'm a huge fan of these guys," said Braves second baseman Dan Uggla, who said he'll stick around to watch the concert. "Now that I know these guys, I'm proud to say that I'm friends with these guys. They're very genuine. I hope the people at the concert will be able to grasp their message."

Montgomery initially wasn't at the doctor's office for himself. He visited a bone specialist to seek treatment for his son, who broke a few bones in his shoulder after he wrecked his off-road vehicle.

While his son was being examined, Montgomery told the doctor that he had some soreness in his hip. So the doctor offered to give him an X-ray, and Montgomery said the doctor saw a "shadow" in his results and urged him to immediately see his doctor.

Making matters worse, his wife, Tracy, filed for divorce almost three weeks after he was diagnosed with cancer. The diagnosis came on his birthday.

"I hope nobody goes through what I went through," Montgomery said. "At the time, life kind of sucked. But knowing that I'm 100 percent cancer-free, life is just fine."

With Montgomery now a cancer survivor, he has preached to his family and friends about the importance of getting prostate exams.

He's already encouraged the 44-year-old Gentry to get screened for the disease.

"You think sometimes it might not happen to you," Gentry said. "But when it happens to somebody close to you, it definitely helped push the button for me to get in there and make an appointment. I'm not worried because I saw how strong Eddie was."

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Online:

Montgomery Gentry: http://montgomerygentry.com

Major League Baseball: http://MLB.com/mvpdad

Atlanta Braves: http://braves.com/pcawareness

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Follow Jonathan Landrum Jr. on Twitter at http://www.twitter.com/MrLandrum31


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Wednesday, June 15, 2011

Sold-out relief concert raises money, hope in Ala (AP)

BIRMINGHAM, Ala. – Opening with chilling video of a killer tornado and a prayer, country superstars Alabama headlined a sold-old concert Tuesday night to raise money for storm relief and remind people that thousands across their home state are still hurting from the physical and emotional damage left by the nation's worst tornado outbreak in decades.

Accompanied by a church choir and the symphony orchestra from hard-hit Tuscaloosa, members of the renowned band from Fort Payne had the crowd of 13,000 standing from the start with favorites like "Dixieland Delight" and a new song written by bassist Teddy Gentry called "Alabama Rising." The recording goes on sale Wednesday morning on iTunes, with proceeds to benefit a relief fund for storm survivors.

"Raising Alabama only takes three: The good Lord, you and me," sang Alabama frontman Randy Owen, a hand raised skyward.

Alabama was only one draw on a bill that included 18 more acts from rocker Sheryl Crow to gospel greats The Blind Boys of Alabama, who opened with a soulful version of "Amazing Grace."

The show, called Bama Rising, was staged just a few miles from ravaged communities where nearly two dozen people died in the twisters of April 27. Officials say 241 people were killed in Alabama alone, and thousands more lost their homes. Across the South the storms left more than 300 dead.

Waiting on the music to begin, Julie Kreutz of Hoover said she was happy to pay $75 each for floor seats for her parents and 6-year-old daughter.

"If it will help someone get a roof over their head, that's fine," said Kreutz. She grew up in Walker County, where nine people died in the twisters.

Holding a small Alabama flag and wearing a "One for Y'all" T-shirt sold to raise money for storm assistance, Children's Hospital nurse Katherine Kent recalled treating some of the 60 bloody, battered storm victims who flooded the emergency room the night of the tornadoes.

"That's why I'm here, to support them," said Kent.

The members of Alabama took it personally when dozens of twisters roared across their state, leaving a trail of destruction more than 600 miles long. Before long they were on the phone, talking about ways to help.

"We just said, `We've got to do something. It was just a consensus," Owen said in an interview with The Associated Press before the concert.

As they called friends in the music business, ideas for a benefit show came together quickly. Guitar player Jeff Cook said he worried about people forgetting about the devastation of that awful day.

"The weather is better and people tend to forget unless they are directly affected," Cook said. "So it's important that we tell the rest of the people who were luckier in that situation that the need is not over."

A rush of support poured into Alabama in the tornadoes' aftermath, but some organizations are now reporting fewer volunteers and dwindling donations.

Bama Rising, however, sold out quickly except for a few $1,000 VIP packages. Proceeds will go through the Community Foundation of Greater Birmingham to a new Bama Rising fund established for relief statewide.

Owen, Cook and bassist Teddy Gentry said they would serve on a board to help distribute concert proceeds for tornado relief, and they are looking for other ways to help. Natives of northeast Alabama who are still based in Fort Payne, they say they are particularly interested in helping in rural areas hit by the storms.

The band members said the tornadoes spared them as individuals, but their home county and neighbors were slammed.

"For us, it's a matter of continuing to go out long after this concert," said Gentry. "This is just a drop in the bucket compared to what we need. Things we can do individually or as a group, we're going to be doing that."

Alabama — minus longtime drummer Mark Herndon, who is touring with country singer Leah Seawright — planned a finale that featured all the acts including country singers Rodney Atkins, Brad Paisley and Martina McBride; R&B legends the Commodores; and others.

Atkins already has performed at two concerts for tornado relief, but he said he didn't hesitate when his management company contacted him about Bama Rising and the chance to perform alongside Alabama. The members of the Country Music Hall of Fame have had 42 No. 1 singles and sold more than 73 million records in three decades.

"The group Alabama is one of the biggest reasons I got into country music," Atkins said in an interview before the concert. "I listened to their music over and over, coming up. It is such a huge honor to be included in this."

Atkins and other acts are paying their own expenses to make sure the maximum amount goes to tornado relief.

"Hopefully we can relieve some of the stress that goes with going through such a tumultuous situation that turns lives upside down," he said. "It's the least we can do."

Other artists on the bill included Dierks Bentley; homegrown American Idol contestants Bo Bice and Taylor Hicks; Luke Bryan; Sara Evans, Little Big Town, Montgomery Gentry, David Nail, Jake Owen; Kellie Pickler, Darius Rucker and Ashton Shepherd.

Owen said even more acts volunteered to participate.

"We could have had two or three days of entertainment. A lot of people called and wanted to come," he said

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Friday, May 20, 2011

AmfAR gala raises $10 million, Cannes parties wind down (Reuters)

CANNES, France (Reuters) – A glitzy charity gala near Cannes, where the film festival was drawing to a close, raised over $10 million late on Thursday, well up on 2009 as conspicuous consumption returned to the French Riviera.

Stars were out in force at this year's cinema showcase, both on land, where they ran the gauntlet of the world's media to get in, and at sea, where luxury yachts provided a more intimate setting for the pleasures of fine food, wine and music.

It was a marked change from 2010, when the hangover from the global financial crisis kept a lid on late-night revelry.

The annual amfAR "Cinema Against AIDS" dinner is one of the big dates on the party circuit, and was held again this year at the exclusive Hotel Du Cap-Eden-Roc in Antibes, a short drive from Cannes.

Among those who made the trip were film festival jury president Robert De Niro, Janet Jackson, Brooke Shields, Gwen Stefani, Donatella Versace, Sean Penn and Kanye West.

The event, held in a giant marquee in the grounds of the secluded seaside hotel, was in part a tribute to Elizabeth Taylor, the actress who died earlier this year and who was among the first celebrities to campaign about AIDS and HIV.

"At the very beginning she spoke up when others wouldn't, said things that others hadn't, and she was very bold and brave in stating her conviction," said amfAR chairman Kenneth Cole. "To a large degree we're where we are because of her," he added.

Jackson said Taylor had "lit the flame, and we must carry the torch in the fight against AIDS."

During the auction, hundreds of guests were invited to bid for items ranging from rare luxury items to exclusive holidays.

Top lot on the night was the opportunity to play tennis with Prince Albert II of Monaco, son of the late Hollywood actress Grace Kelly, for which a bidder paid 500,000 euros.

Albert's fiancee, South African former Olympic swimmer and model Charlene Wittstock, raised the same amount with an impromptu offer of a private swimming lesson, taking the couple's total contribution to the night to one million euros.

A limited edition Herb Ritts photograph of Taylor sold for 150,000 euros, and a signed and dated lithograph of Andy Warhol's "Liz" went under the hammer for 400,000 euros.

As well as the auction, actress Milla Jovovich sang "I Want to be Loved by You" and Courtney Love gave an impromptu performance of two numbers.

Elsewhere during the festival, dance music thumped late into the night along the narrow beach in Cannes as the invited jostled with gate grashers to get past stern security guards and PR staff with clipboards and guest lists.

Industry magazine The Hollywood Reporter rated the parties which its reporters attended this year, and top of the pile was the soiree thrown by financing company Red Granite.

West and Jamie Foxx performed a duet on the beach opposite the swanky Carlton hotel, where guests were greeted by young women "dressed in black sheer outfits so snug they left little to the imagination."

The shindig would have earned five out of five stars in the Hollywood Reporter's rating, but was marked down for not one, but two VIP areas which included the only places to sit down.

(Reporting by Mike Collett-White, editing by Paul Casciato)


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Star-studded AIDS gala raises record 10M dollars (AP)

CAP D'ANTIBES, France – Vertiginous fuchsia heels bedazzled with 360 carats'-worth of precious stones, a tennis match with Monaco's Prince Albert and the rubberized second-skin dress right off Gwen Stefani's back were among the extravagant lots that helped a star-studded charity auction raise a record-breaking $10 million (euro7 million) for AIDS research.

A-listers turned up by the herd, with Sean Penn, Karl Lagerfeld, Janet Jackson, Freida Pinto and Patrick Dempsey in attendance Thursday's amfAR charity dinner-cum-auction, held at the exclusive seaside Hotel du Cap. Robert De Niro, who heads the jury at the Cannes Film Festival — which runs through Sunday in the next town over — and jury members Jude Law and Uma Thurman also attended.

Stars in their evening finest and those fabulous enough to call them their friends — and spring for a seat at the several-thousand-dollar-a-plate gala — mingled over cocktails before the start of the three-course dinner that stretched out over four long hours.

In past years, Sharon Stone has emceed the evening's festivities, but she was absent Thursday, so dozens of heavy-hitters took turns cajoling the well-heeled audience to splurge on artwork, trips, fine wine and a pair of stiletto heels billed as the world's "most precious shoes."

Proceeds from the event go to the American Foundation for AIDS Research (amfAR), a nonprofit organization that supports HIV/AIDS research.

Draped with 500 diamonds, sapphires, and other stones, the heels were a one-of-a-kind collaboration between Italian shoemaker Giuseppe Zanotti and French luxury jeweler Chopard.

"I'm wearing them, and my bodyguard is my shadow," said Polish-born model Anja Rubik, who paired sparking stilettos with a strapless Pucci dress in blue feathers.

Asked whether she was happy with the euro140,000 ($200,000) the shoes — and a pair of matching earrings — ended up fetching, she demurred. "I was hoping for more. I'm very ambitious."

The evening's highest-fetching lot was chance to play a match of tennis with His Serene Highness Prince Albert of Monaco and take a dip with his fiancee, South African-born Olympic swimmer Charlene Wittstock. The tete-a-tete was sold to two different bidders for euro500,000 apiece.

Wittstock placed the winning euro60,000 bid on Moet & Chandon's Nebuchadnezzar Champagne, in a gold-leafed bottle.

A ten-day-long trip for eight aboard a private jet fetched euro180,000, and a week in an exclusive chalet in the chic French ski station of Courcheval was sold twice for euro250,000 a piece.

A Herb Ritz photo of Elizabeth Taylor fetched euro150,000, a print by Robert Rauschenberg, euro130,000, and Jean Pigozzi's 1981 photograph of Mick Jagger went for euro300,000.

Between the bids, Courtney Love, Brazilian singer Bebel Gilberto and Boy George played sets, in a failed bid to get the audience pumping.

Perhaps the tepid reaction was the result of a food coma — the menu included olive oil roasted sea bass with bearnaise sauce, a medley of spring vegetables and a berry-topped meringue — but whatever the reason, it proved too much for Boy George.

"You are the worst," he chided after a bid to get the audience to sing along to "Karma Chameleon" netted radio silence. When it happened again, he came out swinging, ranting, "so you're not going to sing along? You're too rich and fabulous to be bothered? Unbelievable!"

The 18th edition of the amfAR dinner was dedicated to the memory of Elizabeth Taylor, an early crusader in the fight against AIDS who helped establish amfAR.

Elton John hailed Taylor as a "force of nature" and pledged she would remain the charity event's "guiding star."

Ivana Trump, wearing a sequined long-sleeve gown by Paris house Azzaro, said Taylor, who died in March, continued to loom large over the event.

"She was not just a legend of the silver screen but she also had a big heart and she will be missed," said Trump, her blond locks swept into a towering beehive.

Last year, the event brought in $6.7 million.


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Friday, May 6, 2011

"Songs for Japan" charity album raises $5 million (Reuters)

LONDON (Reuters) – A charity album featuring hits from the likes of Lady Gaga, Bob Dylan and Madonna has raised $5 million for the victims of the Japanese earthquake and tsunami, the record labels involved said on Wednesday.

The album "Songs For Japan," a collaboration between the world's biggest record companies, was released a month ago and has been on sale in digital format and as a two-disc CD set. It was available from March 25 on iTunes and from April 4 as a CD.

Organizers said the Japanese Red Cross Society last month received $2 million on behalf of featured artists, songwriters, labels, publishers and iTunes, who waived their royalties and proceeds. A further payment of $3 million was made on Monday. More than 500,000 copies of the album have been sold so far in all formats. Songs For Japan featured 38 hits and classic songs, including "Imagine" by John Lennon, "Don't Let The Sun Go Down On Me" by Elton John and "Pray" by Justin Bieber.

(Reporting by Mike Collett-White, editing by Paul Casciato)


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Thursday, May 5, 2011

"Songs for Japan" charity album raises $5 million (Reuters)

LONDON (Reuters) – A charity album featuring hits from the likes of Lady Gaga, Bob Dylan and Madonna has raised $5 million for the victims of the Japanese earthquake and tsunami, the record labels involved said on Wednesday.

The album "Songs For Japan," a collaboration between the world's biggest record companies, was released a month ago and has been on sale in digital format and as a two-disc CD set. It was available from March 25 on iTunes and from April 4 as a CD.

Organizers said the Japanese Red Cross Society last month received $2 million on behalf of featured artists, songwriters, labels, publishers and iTunes, who waived their royalties and proceeds. A further payment of $3 million was made on Monday. More than 500,000 copies of the album have been sold so far in all formats. Songs For Japan featured 38 hits and classic songs, including "Imagine" by John Lennon, "Don't Let The Sun Go Down On Me" by Elton John and "Pray" by Justin Bieber.

(Reporting by Mike Collett-White, editing by Paul Casciato)


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