Look Out iTunes, Spotify! Here Comes Microsoft

What to know about the latest challenger, Xbox Music

   

Look Out iTunes, Spotify! Here Comes Microsoft

The online music market is about to get more competitive. Microsoft (NASDAQ:MSFT) is announcing today that it’s entering the streaming music business.

The new service, called Xbox Music, will offer ad-supported free music streaming similar to Pandora (NYSE:P) and Spotify, according to The Wall Street Journal. A fee-based version will give subscribers an ad-free service that allows for downloading as well as streaming. Xbox Music  will allow Microsoft to present a clear difference between its service and Apple‘s (NASDAQ:AAPL) iTunes, which doesn’t have a streaming option.

Here are some facts about Xbox Music:

  • Available only for PCs and tablets running Windows 8 and Windows RT
  • Available today for Xbox 360 users, this month for Windows 8 users
  • Also available on handsets using Windows Phone 8
  • There’s a free ad-supported version
  • A pay option allowing downloads will be available for $9.99/month
  • Could be available for Apple and Android systems withing a year
  • More than 30 million tracks are available, 18 million in the U.S.

More on streaming music:


Article printed from InvestorPlace Media, http://investorplace.com/2012/10/look-out-itunes-spotify-here-comes-microsoft/.

©2014 InvestorPlace Media, LLC

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