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YouTube music streaming new contender of Pandora and Spotify

YouTube music streaming

Google is planning to roll out a music streaming service to capitalize on the power of YouTube. The service would likely offer free music streaming paid for by ads as well as an ad-free subscription option, according to Fortune, which says it was briefed by sources in the record industry and by an unnamed person at Google. Google is entering an already crowded field: Spotify, Pandora (P), Rdio, Soundcloud, and Muve Music all offer customers similar access to large online music libraries. But Google Youtube will leverage more than 800 million different people visit the site each month, a lucrative landscape for music companies

 

Who is Spotify?

Spotify is a commercial music streaming service providing DRM-protected[citation needed] content from a range of major and independent record labels, including Sony, EMI, Warner Music Group and Universal. Launched in October 2008 by Swedish startup Spotify AB, the service had approximately ten million users as of 15 September 2010, about 2.5 million of whom were paying members. Total users reached 20 million by December 2012, 5 million of them paying monthly either $4.99 or $9.99.

Who is Pandora?

Pandora Internet Radio (also known as Pandora Radio or simply Pandora) is an automated music recommendation service and "custodian" of the Music Genome Project. The service, operated by Pandora Media, Inc., is fully available in the United States, Australia and New Zealand. The service plays musical selections of a certain genre based on the user's artist selection. In July 2012, Pandora announced that their radio streaming service had 54.9 million users, which was a 48% increase from 37.1 million one year ago


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