Matt Stephens

Products

Financials

• Privately owned

• $125.7 million in funding since 2010 (according to crunchbase)

• Subscription based pricing model

• Won’t disclose other financial information regarding total users or earnings

History

• Created in April 2010 by Skype founders NiklasZennström (umich grad!) and Janus Friis

• 2012 Rdio goes international in the UK and France

• 2013 Rdio launches Vdio. Ended less than a year later

• 2014 new CEO

• Social integration

• Music recommendations

• Remote control functionality

• Student discount!

What’s Hot?

Secret Sauce (Design!)

“The heritage is really costumer-focused design”

Rdio CEO Anthony Bay

A Story

• Free subscriptions for Facebook employees before release

• FB employees became big proponents of service

• Rdio is now tightly integrated with Facebook

Numerous Competitors

6% share

3% share

31% share

?% share

Company Future

• Recently hired new CEO

• Ad-supported free web streaming released in 2014

• Tough competition against Spotify, Google Play, etc.

• Outlook OK. Critical reception is better than other services