With the rise of music streaming services, it has been suggested that music streaming could soon be the new way that people listen to music, as opposed to purchasing individual songs or albums from platforms such as iTunes.
In fact a recent study has found that digital music sales have dipped for the first time ever, leading rise to the speculation that the model could be showing signs of being on its way out, albeit slowly. Maybe it will, maybe it won’t, but it seems that despite being a streaming service themselves, Napster does not think that streaming will become the new medium.
Read full post →Napster SVP Doesn’t Believe That Music Streaming Will Become The New Medium
A couple of years ago, companies like Spotify didn’t have to worry much in terms of competition. Sure they weren’t the first company to offer streaming services, but at that time there weren’t that many other services around as well.
However fast forward to today, we have new entrants from the likes of Apple in the form of iTunes Radio and Beats Music, just to name a few. What this means is that companies like Spotify can no longer sit back and rest on their laurels, which is why it is not surprising to learn that Spotify will be stepping up their game by acquiring The Echo Nest.
Read full post →Spotify Acquires Music Recommendation Company The Echo Nest