Rdio has announced the plan of shutting down its music streaming service. The music streaming service recently announced that it is going to file for bankruptcy and is selling its reaming assets to Pandora. According to a report of Engadget, the company has revealed that it won’t accept any new customers from November 23. The account of current Rdio subscribers will automatically get cancelled on next billing date.
All the account of Rdio subscribers will be transferred to the ad supported free version of Rdio after the next billing cycle. Rdio allows its users to export their data like playlist and favorites to the ad supported version of Rdio, before this music streaming service shuts down. This means that you will still be able to stream music until company announced complete shutdown. As of now this music streaming Service Company has not announced some specific date of complete shutdown.
Rdio’s fortune indicates that it is hard for a small company to survive in the music streaming business. Rdio has announced that it is going to develop an on-demand service. Its Pandora deal will be finalized in 2016. Pandora is expecting to take on other music streaming service provider by acquiring Rdio music streaming service, which is spread in 100 countries.