AfterDawn: Tech news

Sean Parker: Spotify will overtake iTunes in two years

Written by Andre Yoskowitz (Google+) @ 16 Mar 2012 19:11 User comments (6)

Sean Parker: Spotify will overtake iTunes in two years Sean Parker, former Facebook president and founder of Napster, has claimed today that Spotify will overtake iTunes in two years due to the store's "slowness."
Speaking at SXSW, Parker says the unlimited streaming service is much more capable of bringing in revenue for the record companies than Apple is. Parker has also invested $15 million in Spotify.

Spotify, which was wildly popular in Europe and expanded to the U.S. during the summer of 2011, allows users to choose music to listen to and stream, for free, for a limited amount of hours per month. Premium accounts, which range from $5-$10 per month, allow unlimited access to the music, including from mobile devices, and higher quality recordings.

Says Parker (via NME): "Spotify is returning a HUGE amount of money [to the record labels]. If we continue growing at its current rate in terms of subscribers and users, we will overtake iTunes in terms of the amount of revenue we contribute to the music labels in under two years. The iTunes store, to this day, is so slow. I'm amazed."

More news

Previous Next

Related news

 

6 user comments

117.3.2012 8:17

Unlikely. At the rate songs are deleted from spotify, in two years there'll be none left...




Afterdawn Addict // Silent PC enthusiast // PC Build advisor // LANGamer Alias:Ratmanscoop
PC Specs page -- http://my.afterdawn.com/sammorris/blog_entry.cfm/11247
updated 10-Dec-13

217.3.2012 10:13

Sorry I dont see anyone competing with Apple any time soon.....But hey good luck!

317.3.2012 10:24

I disagree with this article, they are two different business models that are only in indirect competition with each other.

Spotify is a music on demand service

Itunes is an online retailer or an e-trailer

417.3.2012 18:31

I hope someone has a recording of him saying that to mockingly play back to him in 2 years.

517.3.2012 21:51

Originally posted by sammorris:
Unlikely. At the rate songs are deleted from spotify, in two years there'll be none left...
Pretty much this. I don't think the industry will allow them to take over.

618.3.2012 11:32

I agree with everyone here. Spotify and iTunes are different in many ways and Spotify's game of deleting songs for no apparent reason is getting really old, really fast. I have a Premium Spotify account, but I still buy music from iTunes, because I don't want to lose my songs/playlists when I disable/delete my Spotify account.


DS Warrior ! ! !

Comments have been disabled for this article.

News archive