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.
