In recent years, the world of digital music has seen a significant amount of growth, with numerous players vying for a larger share of the market. Now, a new player is set to join the fray, as former executives of iRiver, MusicMatch, and Rio come together to create a new digital music service.
According to a source close to the project, the new service will feature a “new service and device” that is set to launch within the next couple of months. The co-founders of the new service will be Dennis Mudd, founder of MusicMatch; Jonathan Sasse, former president of iRiver America; and Jonathan Cady, former head of Rio.
While details on the new service remain scarce, it is clear that the involvement of these digital music veterans bodes well for the future of the project. With decades of experience between them, these executives are well-equipped to navigate the complex and ever-changing landscape of the digital music industry.
Late last week, a blog in Wired News pointed to a company that will be named “Broadband Instruments,” and the involvement of venture firms Sevin Rosen Funds and AustinVentures. While this information has not been confirmed, it does provide some insight into the potential direction of the new service.
One of the biggest challenges facing any new digital music service is the need to differentiate itself from the competition. With so many players in the market, it can be difficult to stand out and attract users. However, the involvement of these experienced executives suggests that the new service may have some unique features that set it apart from the rest.
Additionally, the involvement of venture firms Sevin Rosen Funds and AustinVentures suggests that the new service may have significant financial backing. This could be a major advantage, as it will allow the company to invest in marketing and promotion, as well as in the development of new features and services.
At this point, it is unclear what type of device the new service will be launching with, but it is likely that it will be a portable music player of some kind. Whether this device will be able to compete with the likes of the iPod remains to be seen, but the involvement of these experienced executives suggests that it will be a formidable contender.
Of course, the success of any new digital music service will ultimately depend on its ability to attract users and provide them with a compelling experience. With so many players in the market, it can be difficult to stand out, but the involvement of these experienced executives suggests that the new service may have what it takes to succeed.
In any case, it is clear that the digital music landscape is evolving rapidly, and that new players are emerging all the time. Whether the new service from the former heads of iRiver, MusicMatch, and Rio will be able to make a significant impact remains to be seen, but it is certainly an exciting development for anyone interested in the world of digital music. We look forward to learning more about the new service in the coming weeks and months.
