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

 
Galaxy Note10 really is built around a 6.7-inch display
 
You may still be able to download your content
 
Facebook, Messenger and Instagram are all going away
 
Minimize apps to a floating, always-on-top bubble
 
Japan Display has been providing LCDs for the iPhone XR, the only LCD model in Apple’s 2018 line-up
 
The 2001 operating system has reached its lowest share level
 
The entire TSMC 5nm design infrastructure is available now from TSMC
 
The smartphone uses a Snapdragon 660 processor running Android 9 Pie
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 / 1
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
   1234
567891011
12131415161718
19202122232425
262728293031 




Poll

Do you use microSD card with your phone?
or leave your own version in comments (15)