Spotify is reportedly working on a video-streaming service that will complement its music platform.  The privately-owned Swedish group is set to unveil the service at a launch event in New York on May 20th.

The Spotify video service will not rival the likes of Netflix and Amazon Prime, but support the company’s core music service.

Spotify is the market leader in music streaming, with 60 million subscribers. Most of them use its free tier but 15 million pay for the service. Despite the strong subscriber numbers, the company is still struggling to profit – with losses this week reported to have grown to $197 million.

Other posts by :

1. Roskosmos: Heads roll, launch project scrapped
2. MDA under pressure over satellite order
3. SES backs C-band action from FCC
4. Congested orbits mean high risks of debris
5. SpaceX bids fairwell to booster 1076
6. Bank: LBG Media results “in line”
7. WBD: Surprise, surprise… not
8. SpaceX to lose Moon Lander contract?
9. Arianespace 64 delayed – again

Categories: Articles, Digital Radio, OTT, OTT, Video