The music service Rhapsody dismisses CEO and 15% of staff
Music service Rhapsody, once the world's first implemented the model of unlimited access to recorded music by subscription, today announced the dismissal of President John Irwin, as well as 15% of the staff of the company. The company said that the dismissal of staff and change the course of development - these are steps in the direction of cost savings and support the company's competitiveness in the market. parent company of Rhapsody International announced organizational changes in the data simultaneously with the statement that she had sold a stake in the fund Columbus Nova Technology Partners, which has now become a shareholder Rhapsody.
Amount of investment and bought shares are not publicly disclosed, but it says that Columbus Nova Partners Jason Epstein and Andrew Intreter went to the board of directors of the company. music service reports that the layoffs will affect only Rhapsody American personnel of the company, while the total staff of the company after all the layoffs and the reorganization of about 200 people. After leaving the company, John Irwin Rhapsody will continue to advise on certain management issues.
The company said that Rhapsody now sees its main task as international expansion, the company plans to develop in Europe and Asia, whereas now its main operations are concentrated in the United States. For example, the company recently opened access to the service Napster to 15 new European markets, has entered into an agreement with MTV Networks and the German wireless provider ePlus.
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