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NMA: Spotify challenges iTunes for the music market.

submitted by ant

1 decade 2 years 9 months 1 week ago

"For years, Steve Jobs and his iTunes service have dominated the digital music market. But now a new entrant has come to market: Spotify.

Spotify is from Sweden. It's founders are Daniel Ek and Martin Lorentzon. Spotify is the biggest thing from Sweden to hit the music industry since ABBA.

Spotify has nearly 10 million registered users. Most of these listeners use the free, ad-supported service.

For a fee, Spotify users can get additional features, such unlimited streams and untethered access.

What is more, Spotify has sewn up deals with record labels - both major and minor. You have access to 13 million tracks from almost any artist you can imagine.

Cloud services from Apple limit users to only the tracks they've purchased via iTunes. Will Steve Jobs revamp the service to stay competitive?"