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Tag: Slacker

  • Billboard Adding Digital Music Services To Chart

    Billboard Adding Digital Music Services To Chart

    There is no doubt that digital music streaming is here to stay. In fact, there’s been no doubt for a couple of years now. Services like Spotify, Rhapsody, Pandora, and more draw millions of users who find digital streaming a better alternative to listening to traditional radio stations.

    Now it looks like Billboard is finally catching up to the digital music age. The magazine’s editorial director, Bill Werde, told the Wall Street Journal yesterday that Billboard’s song charts would start including certain digital music services in the data it uses to compile the charts. Charts are usually compiled based on radio plays and digital downloads. Digital music streaming risen significantly in recent months, and Werde said that it has “recently hit a critical mass,” prompting Billboard to start including it as a basis for their charts.

    A total of six services are being incorporated into Billboard’s chart data: Spotify, Rhapsody, Rdio, MOG, Muve Music, and Slacker Radio. Notably absent from the list are Pandora and YouTube.

    Are you glad Billboard is including streaming data? Should they have made this move before now? Are there any services you think they should add that aren’t on the list? Let us know in the comments.

  • Slacker Preps On-Demand Launch, Raises $3 Million in Funding

    Slacker has raised $3 million in debt funding according to a SEC filing. This adds to the growing number of music startups that have gained additional funds in 2011. While Slacker is known more commonly as a rival to Pandora in the coming months, they will be taking MOG, Rdio, Rhapsody, and Thumbplay Music head-on in the subscription music service sector.

    No launch date is confirmed yet, but there’s a high likelihood that Slacker will go live before Spotify comes to the US. Don’t fooled though. The fact that the media isn’t tracking Slacker’s every move like they do Spotify doesn’t mean anything.

    The company is coming to market a with a very strong strategy. With a free radio offering at the front of their service, users will be able to slowly acquire songs and build their collections. Rather granting users limited access to favorite songs like Spotify does, Slacker will charge them for the privilege. By offering three tiers of service – free radio, paid radio, and on-demand – Slacker gives users with room to grow. Unlike other cloud-based music services, the company will not turn new users away once their free trial has ended. This small element may prove critical to Slacker’s success. So far, no company has cracked the subscription music formula and excited fans in a big way, but Slacker is the outlier to watch in 2011.

    Originally published on HypeBot.com

    SlackerRadio Raises $3 million