Ex.fm and Sountracking teams join Rhapsody in music tech acqui-hire twofer
Rhapsody has acqui-hired the teams behind the two music discovery startups Ex.fm and Soundtracking.
Rhapsody has acqui-hired the teams behind the two music discovery startups Ex.fm and Soundtracking.
Music discovery startup Exfm announced this week that it will shut down for good on May 19. Exfm first announced that it was going to shut down late last year, at the time blaming “the litigious nature of the music industry” as one of the reason it called quits. However, in January, it just kept going, alluding at the possibility of a partnership. Now, it looks like that partnership won’t include the current service. In a blog post, Exfm’s executive team put it this way: “We are very excited for what’s next and believe we will ultimately provide you with the best music service in the seven kingdoms.”
Free music streaming app Hypedmusic shut down this month after it got targeted by the RIAA for copyright infringement. Is this the start of a wider crackdown on music startups without licensing agreements?