Pandora, the popular Internet radio service, has expanded its board membership with two heavyweights of the media world: former News Corp no.2 Peter Chernin and former Netflix CFO Barry McCarthy.
Rdio, the social media music service backed by the founders of KaZaa and Skype, has raised another $17.5 million in its latest round of funding.
Rhapsody, one of the pioneers of music subscription services, has added more than 100,000 net new subscribers since the company was restructured in April President Jon Irwin (pictured, left) told Reuters. This means they’ve overcome a long period of slow or no growth during which its two major owners Real Networks and MTV Networks tried to figure out what to do with the business amidst the usual issue of conflicting agendas in joint ventures.
Q&A: Tim Westergren, Founder Pandora
Pandora is the leading Internet radio service in the United States with more than 75 million registered listeners claiming more than 50 percent of that market using its free service. It is one of the top five most download apps across smartphones and mobile platforms like iPhone, Android and BlackBerry according to Nielsen research with more than 50 million total mobile downloads.
Sony Music Entertainment Rolf Schmidt-Holtz’s personal investment in Hamburg-based entertainment technology company TeVeo has sparked off speculation that his departure is imminent — which it almost certainly is, but not necessarily because of his investment.
Bertelsmann’s BMG Music Rights has continued to expand by agreeing to a deal to manage the song catalogs of Fuji Entertainment America’s ARC Music, Six Palms Music and Third Story catalogs in a worldwide deal everywhere outside of Japan and South East Asia.
We hate to hit replay on this one but following New York Post’s story today that European streaming music service Spotify is close to a deal with Sony Music and thereby close to launch we decided to call a few people to confirm.