Spotify competitor Rdio has acquired the Indian music subscription service Dhingana, according to local media reports that have since been confirmed by Dhingana executives. The acquisition could be a way for Rdio to quickly get access to a huge market, but it comes after Dhingana had to shut down because it wasn’t able to secure licenses from one of the country’s biggest record labels. Rdio said in a release posted on Dhingana’s website that it wants to launch in India later this year.
Beats Music raised a big round of new funding, according to multiple reports that put the total amount raised between $60 million and $100 million. The new raise comes after Beats secured a $60 million round of financing a year ago, once again proving the point that digital music is a really expensive business. Beats competitor Spotify, for instance, has raised close t0 $540 million so far, and is now looking to go public to bring in more cash.
The subscription music serve has done well by Cricket, so now the carrier wants to share its fortune. It already has one licensee lined up, but separating off Muve could bring in more.