As the number of streaming music services continues to increase, CBS-owned Last.fm is making some big changes to its business model, the company announced today.
Felix Miller and Martin Stiksel are two of the co-founders of Last.fm, the social music service that sold to CBS in 2007. Now, the boys are back, and this time they think they have what to takes to tackle the only startup market that may be more unforgiving than music: personalized content discovery.
Ever since Napster brought free MP3s mainstream — and subsequently garnered the wrath of the Recording Industry Association of America — the music industry has been reeling.
No single strategy for listening to music online has come to dominate the …
CBS has bought music recommendation website Last.fm for $280 million, the extremely popular London-based company that lets users search for and listen to music based on their past preferences and recommendations of other users.
Last.fm says it has around …