(by NT Balanarayan, Vikas SN & Nikhil Pahwa) Exclusive: US-based music streaming website Rdio has acquired Indian music streaming website Dhingana, Dhingana has confirmed to MediaNama. MediaNama had heard about the development from multiple industry sources. Sources also told MediaNama that the amount being offered to Dhingana is lower than the amount of funding they had raised. Dhingana had shut down its operations in February 2014 a couple of months after the biggest music label in India, T-Series, decided not to renew its contract with the company. In December, after reports that Dhingana might shut down, Bhatia had told MediaNama that the company was in the process of restructuring its operations. He had at that point had declined to comment on the possibility of a shut-down. Dhingana was backed by Lightspeed Venture Partners, but had also raised funding from Helion Ventures and Inventus Capital prior to this. Also read: Want To Disrupt The Music Business In India? Here’s How What Rdio gets Above all, Rdio gets a team that knows how to deal with Indian labels and how much they charge for licensing. Remember that Dhingana had some issues with T-Series, which decided not to renew its contract, thus depriving it of content from one of the richest libraries of contemporary Indian music. Update: Dhingana has informed us that founders Snehal Shinde and Swapnil Shinde will be joining the Rdio team, where they will be responsible for Rdio’s expansion efforts in India as well as other emerging markets. Rdio India will be…
- Indian crypto exchanges plan to collect identity details for crypto transfers to private wallets: Report June 3, 2023
- Jugalbandi, A Chatbot for Rural India by Microsoft and EkStep: What to Know and Think About? June 3, 2023
- Hopeful to See Action Against E-Pharmacies Selling Medicines Online Without Licenses: Pharmacy Body Writes to States and UTs June 3, 2023
- Meta to give advertisers more control using AI and content filters June 2, 2023
- Transparency Report: Here’s all Facebook, Instagram, Twitter and Google had to say about user complaints in April June 2, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is it safe to consider all "publicly available data" as public?
PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...