$1.6 Million Is Raised by Harmony Holdings

Harmony Holdings Inc., a Burbank television commercial producer, said it raised $1.6 million from the exercise of some restructured and newly created warrants.

It said it would use the funds to support the growth of its existing business and to expand through a start-up, merger or acquisition.

Harmony also said Tara McCarthy has joined it as chief operating officer. McCarthy has worked for several other firms as an executive and commercial producer.