Will Audiogalaxy buyout move Dropbox into a cloud music service?

December 13, 2012 Off By David
Grazed from CloudTech.  Author: James Bourne.

There have been intriguing developments in terms of utilising the cloud as an entertainment vehicle during the past 24 hours, with Dropbox acquiring personal music streaming service Audiogalaxy and Amazon’s Cloud Player arriving on Samsung Smart TVs.  The acquisition of Audiogalaxy by cloud storage expert Dropbox may be a sign of things to come. Dropbox already allows limited music streaming as part of its cloud storage solution, and with Audiogalaxy’s expertise in that area, it seems like a match made in heaven.

In a blog post entitled “Hello, Dropbox” the three founders of Audiogalaxy, Michael Merhej, Tom Kleinpeter and Viraj Mody, wrote: “Over the last few years we’ve built a wonderful music experience on the web and mobile devices, attracting loyal users from all over the world.  “Today, we are thrilled to announce our team is joining Dropbox!” the blog continues, adding: “We are excited about the opportunity to join the amazing folks at Dropbox and bring great new experiences to 100m+ Dropbox users.”…

Financial terms of the deal were not disclosed; however it appears the Audiogalaxy team were snapped up by Dropbox as part of an acqui-hire. Audiogalaxy has locked down signups, with current users still able to access their mixes until December 31…

Read more from the source @ http://www.cloudcomputing-news.net/news/2012/dec/13/will-audiogalaxy-buyout-move-dropbox-cloud-music-service/