Meta Platforms Aktie
WKN DE: A1JWVX / ISIN: US30303M1027
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08.05.2015 04:53:32
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Spotify Reportedly Plans To Enter Web-video Business
(RTTNews) - Music-streaming company Spotify AB is laying plans to enter Web-video business, the Wall street Journal reported citing people familiar with the matter, preparing to take on powerhouses like YouTube and Facebook Inc. (FB) in a strategy that may put growth ahead of profit.
The closely held streaming service has been in talks with several digital-media companies about potential partnerships.
According to the report, Spotify has approached so-called multichannel networks that specialize in creating and distributing video for YouTube to discuss both acquiring their material and co-creating original video series. It also contacted some well-known traditional-media companies about potential alliances.
Time Inc., Tastemade and Maker Studios are among companies talking to Spotify.
The Swedish company could announce its video plans as early as this month.
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