Summary
Sweden's Spotify digital music service arrived in the United States with its catalog of 15 million songs and an operation that is primed to shake up the world's largest and most lucrative music market.
With 10 million registered users in Europe, Spotify offers limited hours of music for free or streams unlimited songs for a small fee to computers and mobile phones. That model has analysts wondering if its U.S. debut spells the beginning of the end for the 99-cent download market dominated by Apple Inc.'s iTunes store.See the full content of this document
Extract
Spotify's Digital Music Service Debuts in U.S.
"The download business is basically over," said Aram Sinnreich, an assistant media professor at Rutgers University.
The digital music market appeared to be stagnating last year with sales vo...See the full content of this document
Sponsored links
