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Introduction

US online radio service Pandora has acquired $75m in technology assets from now bankrupt music subscription service Rdio. This will help Pandora roll out new services in the US and internationally towards the end of next year.

Highlights

  • With news of Rdio debts exceeding $200m, including monies owed to both large and small record companies and music publishers, the demise of the service highlights both the financial difficulties faced by the smaller companies and the likelihood that the future of music subscriptions will be controlled by a small number of well-funded services.

Features and Benefits

  • Details the acquisition of Rdio assets by Pandora.
  • Assesses the impact of Rdio's demise on other services in the music subscriptions sector.

Key questions answered

  • Why has Pandora bought Rdio's assets?
  • What does the failure of Rdio mean for other smaller music subscription services?

Table of contents

Ovum view

  • Summary
  • Pandora accelerates expansion plans with Rdio assets deal
  • More consolidation inevitable
  • Lessons learnt from Rdio’s demise

Appendix

  • Author

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