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Articles tagged with: music genome project

Spotify Comes To U.S. Residents, Perhaps For A Facebook Debut?

Spotify, a Swedish DRM-based music streaming service includes both major labels such as Sony, EMI, and Universal, and independent labels. The startup was launched in October of 2008, and I am please to announce that the service will soon be available to U.S. customers.

The announcement was actually made earlier in the month when Spotify had confirmed that it would come to the U.S., although it had not provided a specific launch date.

Pandora Sets IPO Terms, Expect $8 Per Share

The online radio company, Pandora Media Inc. has filed terms for $109.5 million IPO on Thursday. The owners of Pandora will sell 13.68 million shares at $7 to $9 a piece ($8 average), according to an amended filing with S.E.C. (Securities and Exchange Commission).

Pandora was launched in 2005, and was the first online radio service that used a special algorithm based on the Music Genome Project (a database built by teams of music experts that analyzes songs) to select a playlist for users based on preferred and disliked songs.