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Internet Radio: GOOG, AAPL Battle Pandora for Listeners

Google and Apple are fighting to steal Internet radio listeners from Pandora and others.

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Spotify a Swedish Internet radio companyA 2008 entry into the Internet radio market, Sweden’s Spotify is offered on mobile devices, streaming boxes and  PCs. It offers unlimited free, ad-based streaming (in the U.S. — it sets hourly limits in many other countries) as well as a paid premium services. Music can be purchased directly from online retailers.

Spotify claims 6 million paid users (prices vary by country and plan, but Spotify Premium costs $9.99 in the U.S.) and 24 million active users.

Under fire over royalties, Spotify announced in July that it had paid out more than $500 million to artists and was on track for hitting $1 billion by the end of 2013.

Spotify is also highly integrated with social media, allowing Facebook (FB) and Twitter (TWTR) users to share their song choices and playlists.

Article printed from InvestorPlace Media,

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