RadioIO Acquires CrowdStream
May 1, 2014 at 6:36 AM (PT)
RADIOIO has entered into an agreement to acquire NEW YORK-based CROWDSTREAM. Both companies’ boards of directors have approved the deal and it closed on APRIL 29th.
RADIOIO wrote on their website, "RADIOIO and CROWDSTREAM’s innovative technology together will accelerate innovation and choice in mobile music services. Consumers will get better music services and artists will be able to monetize their music directly with fans at their music events. CROWDSTREAM’s portfolio of artists will help protect the RADIOIO ecosystem. RADIOIO, which is an internet music streaming service, is vital to competition in the music streaming space, ensuring hardware manufacturers, mobile phone carriers, artists and consumers all have choice."