Music Industry News
File-Sharing Pioneers Now Selling Music
Thursday, 03, June 2010
In the music business, they would call it a comeback. Almost a decade ago, Niklas Zennstrom and Janus Friis, European technology entrepreneurs, unleashed the Napster-like file-sharing program Kazaa on the Web, allowing millions of users to freely download songs, movies and TV shows.Kazaa was sued by record companies and Hollywood studios and settled the litigation for tens of millions of dollars, just as the pair sold their next company, Skype, to eBay for more than $3 billion.
Now Mr. Zennstrom and Mr. Friis are returning to their musical roots, Brad Stone writes in The New York Times.Their new start-up, Rdio, will unveil itself on Thursday amid what is suddenly becoming a crowded market for Internet music services, a field still largely dominated by iTunes from Apple.Rdio will charge $5 to $10 a month for unlimited access to a large music catalog, including songs from the major record labels.