Rdio taps WBR's Cavallo
Music-streaming start up Rdio has raised $17.5million in new funding with a round led by Mangrove Partners. The company, founded by Janus Friis and Niklas Zennstrom of Skype notoriety, also announced the addition of Warner Bros. Records chief Rob Cavallo to its board of directors. The addition of Cavallo is said to be an effort to “strengthen” relationships with the music industry. Rdio currently offers a two-tiered paid subscription service, which fits in with Warner Music Group ruler Edgar Bronfman Jr.’s stance on services offering free levels of access, as in they “will not be licensed” by WMG… Yesterday’s News Corp. earnings call has led to more reports of an impending sale of MySpace. Company executives are not really saying anything new from what’s already been reported over the previous weeks, this time it is just more official… Anschutz Entertainment Group has announced a new joint venture called Outbox Enterprises, which sees the promoter entering the ticketing arena. As a result of the regulatory judgement in the Live Nation merger with Ticketmaster, AEG is allowed to compete for ticket sales. The new venture will be headed by former Ticketmaster executive Fred Rosen who will act as CEO. The company plans on beginning to sell tickets through Outbox in the next six to twelve months… Elsewhere, Inc.com checks in the eMusic after last years customer kerfuffle over the addition of more major label catalogues to the once indie-only music service, as well increased prices and the departure of indie stalwart labels Domino, Merge and Beggars Group… And The Fader Fort, a staple of the SXSW music festival for the last decade, has announced a new sponsor this year in Fiat. They’ll also be streaming live performances in conjunction with, err, MySpace Music?
