NT Balanarayan, Vikas SN & Nikhil Pahwa reporting exclusively for MediaNama:
US-based music streaming website Rdio has acquired Indian music streaming website Dhingana, Dhingana has confirmed to MediaNama. MediaNama had heard about the development from multiple industry sources.
Sources also told MediaNama that the amount being offered to Dhingana is lower than the amount of funding they had raised.
This is great news. I’ve been waiting for either Spotify or Rdio to enter this market for a long time now, so this was welcome news to wake up to. I do hope Rdio launches with their complete (English) catalogue and not just a country-specific (Hindi) one.