Digital Intelligence

Entries from Digital Intelligence tagged with "last fm"

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Last.fm founders debut web discovery tool based on browser history

The founders of music discovery site last.FM are launching a new online content aggregator based around a user’s web history.

12/07/2013  |  Full story...

We7 transforms from free music streaming to personalised online radio firm

Ad-supported on-demand music service We7 has transformed into a personalised radio station, as the UK-based free music pioneer struggles to keep pace with rival Spotify. Users will now have to register their details with the site if they want access the 50 on demand tracks a month every free user is eligible to request. We7 users can now type in a song, genre or artist to have a personalised radio experience created for them in a similar vein to Last.fm and Pandora. The company says higher supply costs are a factor: Music Licensing body the PRS charges 0.065p per play for an internet radio service, versus 0.085p per play for an on-demand service.

04/10/2011

04/10/2011  |  Full story...

Internet radio pioneer Pandora’s shares soar on stock float

Pandora Media saw its shares soar above expectations, as the US-based online radio firm floated on the New York Stock Exchange this week. On the first day of trading Wednesday, the California-based company leapt as much as 63 percent to $26 after its debut on the New York Stock Exchange, under the symbol P. Founded in 2000 by Tim Westergren under the name Savage Beast, Pandora makes 87% of its sales from ads that target users based on age, gender, home postal code and musical taste.

16/06/2011

16/06/2011  |  Full story...

Last.fm narrows losses as ad revenues climb

Online music service Last.fm has dramatically narrowed its pre-tax loss, announcing a £2.8m loss for last year, compared to a £17m loss the previous year. The CBS- owned site said revenues climbed 74% year-on-year to £7.3m, although net liabilities climbed from £19m to £22.2m. The music streaming and recommendations service said £5.4m was earned in advertising and £1.3m from subscriptions.

07/12/2010

07/12/2010  |  Full story...

Last.fm bought by CBS for £140m

CBS Corporation has bought UK-based social-networking music website Last.fm for $280m (£140m), writes Netimperative. Last.fm currently has over 15m active users and helps users to find and connect with other people with similar tastes in music. Users can also build custom-made "radio stations" and view music clips online. The firm's management team, including founders Felix Miller, Martin Stiksel and Richard Jones will continue to run the site which will retain an independent identity from CBS. CBS is the largest radio group in the US with 179 stations.
From Netimperative: http://www.netimperative.com, 30/05/2007
Last.fm: http://www.last.fm,

30/05/2007

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