Rdio is laying off employees today to "improve its cost structure and ensure a scalable business model for the long-term."
Rdio isn't revealing any specific numbers to counteract the bad news, but the company insists things are looking up. "Since the end of last year, we’ve tripled our number of new users," a spokesperson told TechCrunch. Rdio also says that 90 percent of users now subscribe to its $9.99 unlimited streaming plan, a healthy conversion rate by any standard.
Rdio is giving a lucky winner and a friend the chance to make their own once-in-a-lifetime memory by giving away VIP prize experiences including side-stage access, artist meet & greets, and VIP passes to the Riot Fest of their choice (Toronto: August 24, 2013 - August 25, 2013, Chicago: September 13, 2013 - September 15, 2013, or Denver: September 21, 2013 - September 22, 2013). Fans can enter on Rdio’s Facebook page or through Rdio’s Twitter. In the meantime, mosh away to one of three Riot Fest playlists, divided by city for your convenience, and hear what’s in store for what will be one for the record books.
Our friends over at Rdio have started a new venture called Vdio. It's for movies and TV shows. Check it out.
We started with Rdio and built the most beautiful way to discover, listen, and share an endless stream of music – 18 million songs. Today, we’re previewing our next step on that journey, Vdio, a beautiful new way to buy, rent, and share your favorite movies and TV shows with your friends, in real-time.
According to the annual report from the IFPI (International Federation of the Phonographic Industry), total music sales revenues in 2012 increased by 0.3% from 2011. This marks the first time that record sales have increased since 1999. Revenue from digital sales increased by 9% from 2011, and revenue from streaming services increased by a whopping 44%. The report also tells us that the best-selling song worldwide last year was "Call Me Maybe" by Carly Rae Jepsen (12.5 million units sold), and that for the second consecutive year Adele had the best-selling album, moving 8.3 million copies of 21 in 2012.
Our friends at Rdio are currently streamingDreamend's new album, And The Tears Washed Me, Wave After Cowardly Wave, which came out today on Graveface Records. Go take a listen to what will undoubtedly be one of the most interesting and captivating albums of the year, and let us know what you think.
Rdio is now free. New Rdio users in the US can take advantage of many of our popular features for free, including streaming full songs without hearing a single ad -- a meter at the top of your profile will show you how much free music you have each month.
Rdio and MOG will be joining the ranks of Spotify by expanding their "free music offerings" in the near future. The rumor is that this is going to coincide with Facebook launching more music integration into their product at their upcoming developer conference, F8. After arguably one of the best years in music, it's my opinion that it's a great time to be a music fan.