Two years after CBS acquired their company, the founders of Last.fm are stepping down. Felix Miller, Richard Jones, and Martin Stiksel started the London-based music streaming service in 2002 and later sold it to CBS for $280 million.
Felix Miller says Last.fm is now at an all-time high user base of more than 37 million. The founders will stick around for a few months while looking for replacements, according to MediaMemo.
Miller made the announcement on his blog today:
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!
Felix, RJ and Martin
NOW WATCH: Tech Insider videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.