Spotify will launch its own video streaming service

Despite declines in financial results, the leader of Spotify streaming music considering launching a video service on the internet.

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Streaming video market is already highly competitive, but that does not seem to worry that Spotify would be putting up a video service, which went live on 20 May.


Spotify wants to start video

The information was relayed by several media including the very serious Wall Street Journal, which evokes the probable launch of the video service Spotify as of May 20 Spotify could so quickly to compete with an actor like Netflix. Streaming music leader would have initiated numerous discussions and negotiations with the major players of video content to power its future service.

Spotify discussed for example with the actors who are working with YouTube, it has also led to many traditional media companies. The Swede would not only settle for negotiating broadcasting rights, since it is mentioned purchases of productions and also partnerships to co-create series. We also learn that Spotify would be closer to some content producers on YouTube to offer their collaboration.

Spotify in search of new growth

All these encounters with content providers are the guarantee of a catalog promises to be interesting and hopefully complete! Currently, little information has filtered through the service and especially on rates Spotify hopes to perceive, but it is quite possible that on May 20 we will be a little more, because the Swedish organized a conference, citing a "great event ". Hopefully as for the music streaming service, Spotify will offer a free version to enjoy videos.

The Swedish giant is losing ground in the world of music, so he wants to reverse this trend and return to growth it had experienced in recent years, by addressing the video sector. Indeed, the video is a much more lucrative market than music, but with a constraint, this is a highly competitive world. This will require that the offer is enticing to Spotify that users migrating to it.
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