The popular cloud storage and sharing company Dropbox has this week made a new acquisition, acquiring the music streaming company Audiogalaxy for an undisclosed amount.
Since its founding in 1998 by Michael Merhej, Audiogalaxy has built a unique placeshifting service music experience on the web and mobile devices, attracting users worldwide. Audiogalaxy initially gained popularity as a peer-to-peer file-sharing service, allowing users to share music files with each other. Over the years, it evolved into a more sophisticated music streaming service, offering features such as personalized playlists and music discovery tools.
The Strategic Move by Dropbox
Audiogalaxy’s three members Michael Merhej, Tom Kleinpeter, and Viraj Mody explained in a blog post today: “excited about the opportunity to join the amazing folks at Dropbox and bring great new experiences to 100 million+ Dropbox users,”. This acquisition hints at Dropbox’s potential plans to integrate music streaming capabilities into its platform, thereby expanding its service offerings beyond just cloud storage and file sharing. By incorporating Audiogalaxy’s technology and expertise, Dropbox could provide a more comprehensive multimedia experience for its users.
The acquisition aligns with Dropbox’s strategy to enhance its platform with additional features that cater to the diverse needs of its user base. With the integration of Audiogalaxy, Dropbox users might soon enjoy seamless access to their music libraries, playlists, and streaming services directly from their Dropbox accounts. This move could also position Dropbox as a competitor to other cloud-based music services like Google Play Music and Apple Music.
Impact on Audiogalaxy Users
Audiogalaxy has already moved in with Dropbox and has put a lock on new accounts. However, existing users can still access their accounts, but there is now a limit on access to Mixes, which will only be available until the end of the month and close on December 31st, 2012. This transition period allows current Audiogalaxy users to migrate their music collections and playlists to other services or prepare for the upcoming changes within Dropbox.
For Audiogalaxy users, this acquisition brings a mix of excitement and uncertainty. While the integration with Dropbox promises new and enhanced features, it also means that the standalone Audiogalaxy service will cease to exist. Users who have relied on Audiogalaxy for their music streaming needs will need to adapt to the new environment and explore how Dropbox’s future offerings will meet their expectations.
Moreover, this acquisition could pave the way for Dropbox to explore other multimedia integrations, such as video streaming or podcast hosting, further broadening its appeal and utility. As the digital landscape continues to evolve, companies like Dropbox must innovate and diversify their services to stay competitive and relevant.
For more information, jump over to the Audiogalaxy Blog post.
Source: TNW
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