Digital Intelligence

Entries from Digital Intelligence tagged with "rhapsody"

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Subscriptions ‘to drive 15% global growth in digital music’

The global digital music market is expected to grow at 15 percent annually, reaching nearly USD$22.5 billion by 2017, according to global analyst firm, Ovum. Revenue is being boosted by subscription services, predicted to show a strong compound annual growth rate (CAGR) of 46 percent, much of it on the back of bundling partnerships with service providers.

30/08/2012  |  Full story...

Yahoo ditches Rhaspody for Spotify in global music partnership

Yahoo and Spotify have struck a global content distribution and promotion agreement, a deal which eliminates Rhapsody as Yahoo’s on-demand music partner. The deal will mean that visitors to the Yahoo Music site can use Spotify’s music streaming service while remaining on Yahoo. Soon Spotify will roll out across the rest of Yahoo’s Media Network, sites and services that collectively reach nearly 700 million unique users monthly.

28/06/2012  |  Full story...

Napster to shut down: Rhapsody buys ailing online music firm from Best Buy

Best Buy has sold its struggling Napster online music service to competitor Rhapsody in exchange for a minority stake in the combined company. Napster will now be shut down, with its subscribers being migrated to Rhapsody. The deal comes three years after Best Buy paid $121m to buy Napster, a formerly popular source of Internet piracy that morphed into a legitimate paid music service. The deal will give Rhapsody a boost to its technology and scale to compete against digital music upstarts such as Spotify, MOG and Rdio.

05/10/2011

05/10/2011  |  Full story...

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