Studio One Media, Inc. (OTCPK:SOMD) announced that it will receive $550,000 in a round of funding on December 30, 2014. The company will issue common shares in the transaction. The minimum investment accepted from any outside investor is $5,000. The company will issue securities pursuant to exemption provided under Regulation D. Source Capital Group, Inc. will act as placement agent to the company and will receive $55,000 as commission.

As of January 15, 2015, the company has received $150,000 from 10 investors in the first tranche close.