Slacker raises $3 million; readies on-demand launch


Adding to the growing number of online music streaming sites that have scored additional financing this year, Slacker recently raised $3 million in debt funding according to an SEC filing. The funding will help to further their automotive efforts, which means the personalized, social media internet music streamer could soon be available in cars, as Pandora already is.

Last month, Slacker announced that on-demand listening would be available on the Internet radio service in Q1. “Slacker Premium Radio” will add a third tier Slacker’s service options: free radio, paid radio and on-demand.

The addition of this feature would put the service in competition with MOG, Rdio, Spotify and other subscription services that offer that option already.

Slacker also announced at CES 2011 it will have an app for the iPad out soon featuring artist bios, album reviews, artist images and full-size album art. It will also work with Slacker Premium Radio, providing access to its entire song library, top charts, and station playlists.