this post was submitted on 27 May 2026
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451
Last.fm is now independent (support.last.fm)
submitted 4 days ago by Star@sopuli.xyz to c/technology@lemmy.world
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[–] KingThrillgore@lemmy.ml 62 points 4 days ago (2 children)

For those wondering who owned Last.fm, it was CBS Interactive/Paramount Streaming.

[–] itsjustachairmary@lemmy.world 15 points 4 days ago (1 children)

Oof. Well, glad they got out then

[–] TotalCourage007@lemmy.world 2 points 3 days ago

Jesus, maybe some broadcasting freedom hope?

[–] Mwa@thelemmy.club 4 points 3 days ago* (last edited 3 days ago) (1 children)

Its a good thing in my opinion since:

  1. Paramount is a public company and I heard some bad stuff about them like Keeping Spongebob to make extra money even after the creator died. (i kinda dont have strong opinions on public companies but still a good thing they became independent.)
  2. Paramount will be partially state owned if they merge with WB (heard that somewhere)
[–] NotMyOldRedditName@lemmy.world 2 points 3 days ago* (last edited 3 days ago) (1 children)

If the Paramount deal goes ahead, it'll be 49.5% foreign owned, of which some state actors ike the Saudis via their PIF having ownership.

[–] Mwa@thelemmy.club 1 points 3 days ago (1 children)

if the PIF is gonna buy it,no.

[–] NotMyOldRedditName@lemmy.world 1 points 3 days ago* (last edited 3 days ago)

What do you mean, no?

https://www.top1000funds.com/asset_owner/public-investment-fund-pif/

The Public Investment Fund (PIF) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world and was created in 1971 for the purpose of investing funds on behalf of the government of Saudi Arabia. The wealth fund has been controlled by Crown Prince Mohammed bin Salman, Saudi Arabia’s de facto ruler since 2015.

The government is going to own a large part if the merger happens.