The streaming-music forefather, often overshadowed by flashier rivals like Spotify before Apple's Beats song, says growth is gangbusters an adequate amount of to revive the rank of president subsequent to a four-year absence.
Rhapsody is resurrecting its responsibility of president, when the grandparent of streaming-music services banks on its own resurrection of sorts.
The company on Wednesday appointed David pipe, who has served when an adviser and investor to a slew of early-stage portable and song companies, when its interim chief executive, a spokesperson whispered, addition so as to the company's growth this time led the board to bring on extra management. Employees were informed of the hire earlier Wednesday. Rhapsody fixed so as to the board is conducting a search meant for a eternal president but has nix timeline meant for concluding so as to process.
The addition of pipe isn't the consequence of at all immediate executive departures, but it follows an executive reshuffling in the field of September 2013 so as to missing the company devoid of a single executive by the rudder.
Rhapsody, often lost in the field of the rumpus of shiny further startups and tech giants ramping up in the field of the streaming song legroom, has been staging a comeback under the radar. The company pioneered the format in the field of 2001, but in the field of up to date years it has been overshadowed in the field of the in the public domain eye by the likes of fast growing Spotify; marketing powerhouse Beats song acquired by Apple meant for $3 billion; and streaming services from giants like Google and Amazon.
However, it punch 2 million paying subscribers in the field of July, with a reduction of than two years subsequent to it took the company just about a decade to get hold of its original million. So as to presume doesn't include customers through its increasing figure of partnerships with telecom providers like T-Mobile's UnCarrier offering in the field of the US. By comparison, Spotify announced it had 10 million paid subscribers in the field of might, the same month so as to Apple's Beats song disclosed 250,000 paying members subsequent to four months in the field of function.
Rhapsody sees an opportunity to bring its namesake song service Rhapsody and international brand Napster to a wider audience in the field of the after that time, with pipe when a escort, the company whispered in the field of a statement.
Pipe as a rule recently founded and ran Soundwall, a start-up so as to makes software to create "wireless connected canvases" so as to mingle ability and song. He plus ongoing SignalSoft, an before time software commercial in the field of the portable location legroom, and took it in the public domain. Concluded the forgotten 10 years, pipe invested, advised and served on boards meant for early-stage companies in the field of portable advertising and analytics and other realms, when well when advising companies such when Siemens, Verizon and RealNetworks.
Rhapsody has vanished devoid of a chief executive since it was spun rancid from RealNetworks in the field of 2010 into a standalone company. Since at that moment, Rhapsody's come first executive has been its president, but since an executive reshuffling and set of layoffs in the field of September 2013, the company has been run by an operating board of top management.
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