Glad to see these guys able to make a comeback to the music industry. :iagree:
In the music business, they would call it a comeback.
Almost a decade ago, Niklas Zennstrom and Janus Friis, European technology entrepreneurs, unleashed the Napster-like file-sharing program Kazaa on the Web, allowing millions of users to freely download songs, movies and TV shows.
Kazaa was sued by record companies and Hollywood studios and settled the litigation for tens of millions of dollars, just as the pair sold their next company, Skype, to eBay for more than $3 billion.
Now Mr. Zennstrom and Mr. Friis are returning to their musical roots.
Their new start-up, Rdio, will unveil itself on Thursday amid what is suddenly becoming a crowded market for Internet music services, a field still largely dominated by iTunes from Apple.
Rdio will charge $5 to $10 a month for unlimited access to a large music catalog, including songs from the major record labels. This is a similar approach to that of other subscription music services that have not fared well, including the newly independent Rhapsody and Napster, a division of Best Buy.