The popular music streaming service Rdio has confirmed their acquisition of Indian-based Dhingana, entering the nation for the first time.Dhingana had shut down its operations in February, after India's largest label, T-Series, did not renew its contract with the streaming service.
Rdio is supposedly paying less for the company than it had raised in startup funding, giving the company a cheap investment and entry into India. Dhingana founders Snehal Shinde and Swapnil Shinde will join Rdio and lead the company's efforts in India and other emerging markets.
In addition, Rdio will also get existing music label contracts, although as previously noted, the biggest label in the nation had already pulled support.
Rdio is currently available in the US, Canada, Brazil, Uruguay, Argentina, Australia, New Zealand, Germany, Spain, Portugal, United Kingdom, Denmark, Estonia, Lithuania, Finland, Norway, Iceland, Israel, Netherlands, Belgium, Mexico, Malaysia, Hong Kong, Colombia, Chile, Czech Republic, Sweden, Switzerland, Poland, Ireland, Italy, France, Latvia, Austria and South Africa. The company charges $9.99 per month for unlimited music streaming.
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-------------------- Reported by AfterDawn.com 6 hours ago.