Musicmatch
Users unlimited access to a library of more than 800,000 songs and 40,000 albums.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | $160m | Acquisition | |
| Total Funding | 000k | ||
Musicmatch, Inc. was a significant early player in the digital music landscape, primarily known for its flagship software, Musicmatch Jukebox. Founded in San Diego in 1997, the company, led by founder and CEO Dennis Mudd, developed a comprehensive media player that offered users the ability to manage digital audio files, rip CDs, create playlists, and convert audio formats. Before the launch of iTunes for Windows, Musicmatch Jukebox was notably bundled with the Apple iPod as its default music management software, highlighting its prominence in the market.
The company's business model was multifaceted. It offered the core Jukebox software and also operated a digital music store with hundreds of thousands of songs available for purchase, similar to the a la carte model popularized by Apple. Furthermore, Musicmatch ventured into subscription services with Musicmatch On Demand, which provided subscribers with unlimited streaming access to its music library. It also featured an internet radio service called Radio MX. This combination of software, a la carte downloads, and streaming subscriptions positioned Musicmatch as a comprehensive solution for the burgeoning digital music consumer.
In a strategic move to bolster its presence in the competitive online music space, Yahoo acquired Musicmatch, Inc. in October 2004 for approximately $160 million in cash. The acquisition was intended to integrate Musicmatch's software, services, and subscriber base into Yahoo's own music division, Yahoo! Music, to better compete with rivals like Apple, Microsoft, and RealNetworks. However, the integration did not unfold successfully. The Musicmatch Jukebox product stagnated under Yahoo's ownership, and the service was ultimately discontinued in 2007 as Yahoo attempted to migrate users to its own branded platform, which itself was later sold to Rhapsody.
Keywords: Musicmatch Jukebox, Dennis Mudd, digital music management, media player software, CD ripper, online music store, Yahoo Music, music software history, iPod music manager, digital audio player, music subscription service, internet radio, Yahoo acquisition, dot-com era, digital media
Investments by Musicmatch
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