Spotify is a music streaming service that was founded in 2006. It is a Swedish musicstreaming service that offers streaming from both the ‘big 4’ and independentmusic companies. It can be accessed by many different people in lots of differentcountries and in 2011 it was announced that Spotify has one million paying Spotifyusers in Europe. The use of spotify allows its users to access more than 15 millionsongs, you can search via artists, albums, titles, labels and genres. Not only canusers just listen to music, spotify allows them to buy tracks and also sync with youriTunes account. Spotify is funded by subscribed users who have to pay $10 permonth to use it.Spotify is important in music industry nowadays as it allows artists to be able toshare their music with their fans and then get money from the songs/albums thatare brought online. It came into the market at the time when broadband wasintroduced and the time when people have started getting smartphones. Thismeans that not only can people access it on computers, they can also access theinternet via their smartphones or via apps. This has helped to increase spotifyspopularity, and
Napster is a music-focused online service, it was founded in 1999 by John and SeanFanning. It was originally an independent peer-to-peer file sharing site, this allowedits users to share audio files, mainly MP3 format music files. However, the companyran into legal difficulties over copyright issues, so was eventually acquired by Roxio.It got shut down by a court order in 2001, as it was seen as being a competition toother official distribution companies and was violating the rules of copyright.Napster agreed to pay music artists and copyright owners a $26 million settlementfor the passing of unauthorised uses of music. In order to pay the fees, Napsterturned its free service into a subscription serviceAt its peak Napster had around 25 million users and 80 million available songs.Napster allowed its users to freely download copies of popular songs as well as songsthat were difficult to obtain, like songs from concerts, unreleased songs and oldersongs. The service was seen as being very ‘user-friendly’ and it allowed musicenthusiasts to freely downloads MP3 file songs.