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Rdio unveils $4 per month streaming service to undercut Spotify

Rdio unveils $4 per month streaming music service
By: Michael Hatamoto | Business, Financial & Legal News | Posted: May 18, 2015 11:20 pm

Rdio has unveiled the Rdio Select streaming music service, a $4 per month subscription designed to undercut Spotify, Pandora, and other similar offerings.

 

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The music industry standard for monthly streaming services is around $10 per month, or music listeners can listen to ad-supported music. Rdio offers a free online radio service and $10 monthly subscription, but wants to find a new revenue stream to reach consumers unwilling to pay $10. Rdio Select would provide ad-free streaming radio stations created based on song selection, genre and user play history - and up to 25 songs that can be downloaded when no Internet connection is available.

 

"We're excited to reach a new group of price-sensitive music subscribers with Rdio Select and have designed the service to appeal to a wide audience," said Anthony Bay, CEO of Rdio, in a statement.

 

The music industry is trying to deal with a growing number of consumers interested in streaming music - and while Spotify and Pandora appear to be industry leaders, both companies are struggling to turn a profit.

NEWS SOURCES:Nytimes.com, Assets.phonedog.com

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