Spotify and make investment in each other's music businesses, forming an alliance in the music industry. As a result of this transaction, Spotify gained a 9% stake in TME with TME gaining a 7.5% stake in Spotify. In February 2018, Spotify and Discord teamed up, allowing Discord desktop app users, on both PC and Mac, to publicly display on their profile what music they're listening to, and if the users have Spotify's Premium service, they can listen to each other's music together in real-time. In April 2018, Spotify announced a discounted entertainment bundle with video-on-demand provider Hulu. In July 2015, Spotify
Rdio and the aggregators BFM Digital, Catapult, CD Baby, Finetunes, INgrooves, and The Orchard. Rdio also offered social networking features, such as the ability to share songs, albums, and playlists with others on Rdio and social networks such as Facebook and Twitter. On November 16, 2015, Rdio filed for chapter 11 bankruptcy in which they had to pay $200 million and announced the sale of certain intellectual property to Pandora Radio. The purchase price is $75 million in cash. Rdio was launched by Skype Technologies founders Niklas Zennström and Janus Friis on August 3, 2010. At the time they had to