Cumulus Media is the biggest pure-play radio company in the country. It has approximately 520 owned and operated radio stations, as well as a distribution network reaching nearly 5,500 radio stations. Today the company announced a deal that will continue to expand its reach into the digital music ecospace.
It has reached a content, promotion, and advertising partnership with Rdio that provides listeners with a one-stop solution for their audio needs while also offering advertisers new opportunities to get in front of consumers. Rdio is the innovative digital music service with on-demand access to over 20 million songs founded by Skype co-creator Janus Fris.
Rdio is already available in over 30 countries. Music fans can find and play tunes they like among the 20 million songs and build a digital music collection. The collection can be made available in-home, in-office, or in-car, plus on the web, on tablets, and on smartphones. It allows listening to any song without ever hearing a single ad. It also lets friends and family to share their favorite music in real-time across Facebook and Twitter.
Cumulus is getting a significant equity stake in the parent company of Rdio, Pulser Media, in exchange for exclusive content, media, and on-air promotional commitments over a five-year period. Additionally, Rdio will leverage Cumulus’ sales infrastructure to monetize its upcoming ad-supported free products including music on-demand, custom playlists, and exclusive content.
For further information about Cumulus Media, please visit www.cumulus.com
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment