I say slowly shutting down because the service will remain active for a little while, letting users finish their subscriptions or use the free option. As of now, the only announced date is that Rdio will no longer renew subscriptions (or accept new paying customers) on November 23rd.
The company recently filed for bankruptcy, after trying to raise more capital and find other ways to keep the business running. Pandora will pay $75 million for the remnants of the service, although that could change if a better offer surfaces or an issue arises in bankruptcy protection. The press release states that “many members of the Rdio team will continue to shape the future of streaming music, applying our tradition of great design and innovative engineering on an even larger stage with Pandora.” It further states “Pandora is not acquiring the operating business of Rdio,” but rather just “the technology and talent.”
Rdio has not given a date that their service will end. This news is disappointing for me, because Rdio was the first music streaming service in Canada, at least that I found out about, which led me to choose it.
Maybe the start of a new dot
Maybe the start of a new dot com style Bust! Maybe a few PC/laptop OEMs are next, that would be good! Just look at the crap laptops have become. Yes the entire technology industry could use a good Bust, it would make the remaing companies lose all those numerous SKUs and maybe focus on some all around quality products. Yes a big fat technology BUST with lots of stock worth less than toilet paper. Yes the PC Does What, ha ha, the PC does the same thing it did last year and the year before, so who needs to buy a new PC, and laptops are weaker than they were a few years ago thanks to the crappy Ultrabook/thin and light SKUs OEM’s are pushing.