Radionomy buys Winamp and Shoutcast for $5-10 million

Radionomy buys Winamp and Shoutcast for $5-10 million

At the beginning of January, we reported that AOL had sold Winamp and Shoutcast to the Bellgium-based internet radio aggregator, Radionomy. Today, TechCrunch is revealing more details about the purchase, which commanded between $5 and 10 million. This is a far cry from the $80 million AOL paid for Nullsoft in 1999, the previous owner of Winamp and Shoutcast.

In addition to handing over Winamp and Shoutcast, AOL is taking a 12% stake in Radionomy, which will be financial and not strategic, meaning Radionomy should operate independently from AOL’s business influence.

“We want to rebuild the story for Winamp. We think the future can be great because the strategy is not just desktop but mobile and cars and so much more.”

For now, Winamp is safe from the axe as Radionomy intends to keep the media player available to download. Winamp could serve as a platform for Radionomy’s 60,000+ stations in the future.

“We want to rebuild the story for Winamp. We think the future can be great because the strategy is not just desktop but mobile and cars and so much more,” says Alexandre Saboundjian, CEO at Radionomy.

Curiously, the Winamp site still displays a warning that the media player will not be available after December 20th, 2013.

Source: TechCrunch

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