Rdio Just Canceled Your Subscription

Courtesy of Rdio

Streaming service Rdio has canceled all active subscriptions -- and won't be taking new ones -- ahead of its planned acquisition by Pandora. Starting today (Nov. 23), paid users will no longer be charged automatically and will see their subscriptions end for good on their next billing date. "The Rdio service will be winding down in the coming weeks," the company told users.

Looking Close at Pandora's Rdio Dismantling: What Analysts Say, What Billboard Thinks

Until the service goes offline, users with expired subscriptions can still listen via Rdio's ad-supported tier. The company said it will update users on exact timing of the shut-down, as well as details on how to export playlists and favorites.

Pandora announced on Nov. 16 that it would acquire "several key assets" from Rdio, including certain technologies that will help the web radio service to expand into on-demand streaming. The price tag is $75 million. Following the announcement, Rdio declared Chapter 11 bankruptcy with more than $190 million in secured debt and $30 million of unsecured debt. 

Here's what analysts say about the deal and what Pandora's dismantling of Rdio will mean for the crowded streaming market.