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Pandora Media to Pay $75 Million for Assets of Bankrupt Rdio

Rdio’s bankruptcy points to the fragile state of may streaming services avalable through CE products, and their financial problems could intensify as artists and music labels demand higher royalties.

On-demand subscription music service seeks chapter 11 in crowded market Rdio, a struggling competitor to Spotify AB and Apple Music, is seeking chapter 11 bankruptcy protection and shutting down, according to a statement, amid an increasingly crowded subscription-music market. Internet-radio giant Pandora Media Inc.

Read More at The Wall Street Journal