Are you familiar with Spotify? Well, for the benefit of those who do not know, Spotify is a digital music service that gives you access to millions of songs. Spotify will allow you to enjoy the following:
- Search, browse & play millions of tracks.
- Explore & play your friends’ playlists, top artists and tracks.
- Stream over WiFi or 2.5/3G – all your existing playlists are available.
- Offline playlists – play your music without an internet connection.
- On-the-fly sync – every track you add to a playlist appears on mobile and computer.
- What’s New view.
- Receive music from friends via the inbox.
- Starred tracks – tag all your favourites into a special list.
For music lovers out there, this surely isn’t new to you. Perhaps, you have already enjoyed all the above mentioned features. As one writer puts it, “Spotify’s enormous market share no doubt is related to it being a truly “native” application, and while it is definitely more popular with the under-25 crowd, it still is popular enough to supplant other internet activities including “use of community sites, IM, blog reading and game playing.”
However, Spotify could be a real threat to those music companies or the so called Big Three Labels and other major studios who provides original (yet expensive music CD’s/ DVD’s). This issue hasn’t gone unnoticed in the world of music. It is undeniable that our younger generations now prefer to acquire music by downloading or signing up to a certain music site rather than getting a collection of CD’s that will later on just add clutter to their room.
On the other hand, a keen observer who made a thorough study about this issue showed that file sharing and music buying goes together. According to them “If we compare file-sharers with those who do not share files, we find that there is no difference in how often they buy CDs. However, a larger percentage of file sharers pay to download individual songs than those who do not share files.” And this is exactly how Spotify operated.