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Get Ready For Streaming Music Die-Off

walterbyrd (182728) writes | about 4 months ago

0

walterbyrd (182728) writes "Streaming services are ailing. Pandora, the giant of its class and the survivor at 13 years old, is waging an ugly war to pay artists and labels less in order to stay afloat. Spotify, in spite of 6 million paid users and 18 million subscribers who humor some ads in their stream, has yet to turn a profit. Rhapsody axed 15% of its workforce right as Apple’s iTunes Radio hit the scene. On-demand competitor Rdio just opted for layoffs too, in order to move into a “scalable business model.” Hmm no one wondered about that business-model bit in the beginning?

Meanwhile, Turntable.fm, a comparatively tiny competitor with what should have been viral DNA, just pulled the plug on its virtual jam sessions this week—and it just might be the canary in the coal mine."

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