Look Out iTunes, Spotify! Here Comes Microsoft

by Nate Wooley | October 15, 2012 10:22 am

The online music market is about to get more competitive. Microsoft (NASDAQ:MSFT[1]) 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[2]) and Spotify, according to The Wall Street Journal[3]. 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[4]) iTunes, which doesn’t have a streaming option.

Here are some facts about Xbox Music:

More on streaming music:

  1. MSFT: http://studio-5.financialcontent.com/investplace/quote?Symbol=MSFT
  2. P: http://studio-5.financialcontent.com/investplace/quote?Symbol=P
  3. according to The Wall Street Journal: http://blogs.wsj.com/digits/2012/10/15/microsoft-offers-free-music-streaming-with-limitations/
  4. AAPL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAPL
  5. Spotify Headed to Web, No Price Cuts: https://investorplace.com/2012/09/spotify-headed-to-web-no-price-cuts/
  6. Apple Eyes Pandora’s Turf; Investors Flee: https://investorplace.com/ipo-playbook/apple-eyes-pandoras-turf-investors-flee/
  7. Nokia Launches New Music Streaming Service: https://investorplace.com/2012/09/nokia-launches-new-music-streaming-service/

Source URL: https://investorplace.com/2012/10/look-out-itunes-spotify-here-comes-microsoft/
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