Streaming service Nokia MixRadio is planning to spin out of Microsoft, following the parent company's announcement that it is cutting up to 18,000 jobs over the next year, including 12,500 from the Nokia Devices and Services unit it acquired recently.

Speaking to Music Ally after the cuts were revealed yesterday (July 17), MixRadio boss Jyrki Rosenberg said: “Basically, we’re planning a spin-off.

“Microsoft is going to focus on developing and maintaining the best operating system for consumers to use music ...