Skype Founders To Challenge Spotify, iTunes With Rdio Music Service

In a move aimed at tapping into the lucrative online music market, Skype’s founders Janus Friis and Niklas Zennstrom has come up with a new music service called Rdio which will be based on a subscription model.Besides Skype, the two serial entrepreneurs have invested in a number of other companies including Kazaa and Joost and their move to enter the highly competitive online music domain is being keen watched by technology enthusiasts.Explaining the rationale...