Spotify may be trying to launch a video streaming business

Spotify logoOn Thursday, the Wall Street Journal reported that music streaming service Spotify is trying to get into Web video. Sources speaking to the paper said that the company has begun reaching out to content creators in the hopes of building out into a new business sector.

Specifically, sources say that Spotify is talking to YouTube affiliates “to discuss both acquiring their material and co-creating original video series.” The service is also speaking with traditional media companies. The same sources suggest that Spotify could announce its video streaming plans as early as this month.

Spotify's website says it has more than 60 million active users, of which 15 million are paying subscribers. Still, the company has yet to turn a profit.

Nevertheless, the company solidified a partnership with Sony earlier this year to make Spotify the official music streaming app for PlayStation. Spotify also announced last fall that it would be offering family plans to bring in more members. Video streaming could be seen as a logical next step, especially considering recent news that YouTube might be moving toward offering subscription services for ad-free video.

Producing original content is also a growing trend among media streaming companies. Netflix and Amazon have seen considerable success with that strategy, with Amazon even announcing that it would be producing content for theatrical release.

Source: Ars Technica

Tags: Spotify

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
The new 64-bit version of Firefox will be optimized to run on these computers for better performance
 
Google is expanding the Pixel 3’s eSIM support to a few new countries
 
And fortunately, it won’t be an iPhone X-like notch
 
Qualcomm Technologies has shown on the path to commercialization of 5G
 
It will be embracing Chromium in the development of the browser
 
The new OLEDs will be on display at CES 2019 in Las Vegas early next year
 
Quintuple-app strategy offers "a simpler and more unified communications experience"
 
Google's other mobile SDK is deemed ready for prime time
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
      1
2345678
9101112131415
16171819202122
23242526272829
3031     




Poll

Do you use microSD card with your phone?
or leave your own version in comments (11)