If you haven’t heard about Spotify here is a little rundown. Spotify is a music subscription service that allows people to stream music for FREE. Ah, but there is a catch. As you listen to your music you will also listen to advertisements after every couple of songs. If you do not wish to hear the advertisements you can pay a small fee per month (10£ in the UK) to eliminate this annoying feature.
Spotify is the number #1 music subscription service in Europe but it hasn’t been released in North America yet. This is supposed to change in 2010. The question is, will people buy into this new music model?
Although this is a progressive business model for music industry it has a long way to go to beat out iTunes. People like their music portable and Spotify still has bridge that gap. I like the idea but I’m not sure it’s going to catch on as fast as everyone is predicting. What do you think?
Read more here:
Billboardbiz.com
www.yourprosound.com
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