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CBS to take control of Last.fm

By on June 11th, 2009 
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Last.fm founders Felix Miller, Richard Jones, and Martin Stiksel finally handed over the keys of Last.fm 'control room' to CBS Corporation ( the company which bought Last.fm for a sum of $ 280 million in the year 2007.) after 2 years of acquisition. The news of transferring of reins to CBS was announced by Felix Miller in his latest post on Last.fm blog. Felix said - "

After two years running Last.fm within CBS we feel the time is right to begin the process of handing over the reins. This is the latest stage in a long journey for us founders, which began in a living room in East London in 2002, and took us to the headquarters of one of the biggest media companies in the world.

It’s been a privilege working with the incredible team here in our London office, and we’re extremely proud of what we’ve achieved together. Last.fm’s users have more than doubled in the last 12 months (we are now at an all-time high of 37.3M monthly unique visitors), and we’re confident the site will continue to go from strength to strength. Being a part of CBS, and the recently formed CBSi music group, continues to open up many opportunities for Last.fm. Recent product releases such as the new visual radio, and the Last.fm on XBox announcement, are an indication of how much more Last.fm will achieve.

A huge “Thank You!” has to be said to all of you in front of your computers. With your contribution, enthusiasm and scrobbles you have helped to make Last.fm into what it is today: the best place for music online. Big up yourself for that, as we say here in East London.

That’s all folks, we are going to miss you!

"

So, what does this mean to last.fm users ? Only time can tell. By the way, CBS is already being accused of transferring user data to the RIAA or record labels and now that CBS will finally be taking over full control of Last.fm, it would be interesting to see how they steer Last.fm.

-via Last.fm Blog

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CBS to take control of Last.fm was originally published on Digitizor.com on June 11, 2009 - 5:14 am (Indian Standard Time)