The streaming-music forefather, often overshadowed by flashier rivals like Spotify or else Apple's Beats melody, says growth is gangbusters sufficient to revive the place of first in command bearing in mind a four-year absence.
Rhapsody is resurrecting its company of first in command, the same as the ancestor of streaming-music services banks on its own resurrection of sorts.
The company on Wednesday appointed David water, who has served the same as an adviser and investor to a slew of early-stage movable and melody companies, the same as its interim chief executive, a orator understood, adding together with the aim of the company's growth this time led the board to bring on other management. Employees were informed of the hire earlier Wednesday. Rhapsody long-established with the aim of the board is conducting a search on behalf of a stable first in command but has rebuff timeline on behalf of concluding with the aim of process.
The addition of water isn't the consequence of slightly immediate executive departures, but it follows an executive reshuffling in the sphere of September 2013 with the aim of missing the company with no a single executive by the rudder.
Rhapsody, often lost in the sphere of the ruckus of shiny inexperienced startups and tech giants ramping up in the sphere of the streaming melody liberty, has been staging a comeback under the radar. The company pioneered the format in the sphere of 2001, but in the sphere of topical years it has been overshadowed in the sphere of the civic eye by the likes of in haste growing Spotify; marketing powerhouse Beats melody acquired by Apple on behalf of $3 billion; and streaming services from giants like Google and Amazon.
However, it whack 2 million paying subscribers in the sphere of July, a smaller amount than two years bearing in mind it took the company near a decade to grasp its essential million. With the aim of symbol doesn't include customers through its increasing amount of partnerships with telecom providers like T-Mobile's UnCarrier offering in the sphere of the US. By comparison, Spotify announced it had 10 million paid subscribers in the sphere of could, the same month with the aim of Apple's Beats melody disclosed 250,000 paying members bearing in mind four months in the sphere of surgery.
Rhapsody sees an opportunity to bring its namesake melody service Rhapsody and international brand Napster to a wider audience in the sphere of the subsequently time, with water the same as a conduct, the company understood in the sphere of a statement.
Water the largest part recently founded and ran Soundwall, a start-up with the aim of makes software to create "wireless connected canvases" with the aim of join knack and melody. He besides ongoing SignalSoft, an before time software venture in the sphere of the movable location liberty, and took it civic. In excess of the long-ago 10 years, water invested, advised and served on boards on behalf of early-stage companies in the sphere of movable advertising and analytics and other realms, the same as well the same as advising companies such the same as Siemens, Verizon and RealNetworks.
Rhapsody has passed on with no a chief executive since it was spun rancid from RealNetworks in the sphere of 2010 into a standalone company. Since so therefore, Rhapsody's be in charge executive has been its president, but since an executive reshuffling and circular of layoffs in the sphere of September 2013, the company has been run by an operating working group of top management.
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