Is Spotify Working On an On-Demand Video Service to Rival Netflix?

Netflix and cable networks like HBO might face competition from the digital music streaming service Spotify. Business Insider reports that Spotify is looking for investors to fund original content. What's not clear from the report is why the company would go after Netflix instead of creating its own record label or music videos.

Netflix and cable networks like HBO might face competition from the digital music streaming service Spotify. Business Insider reports that Spotify is looking for investors to fund original content. What’s not clear from the report is why the company would go after Netflix instead of creating its own record label or music videos.

Spotify does share a few things in common with Netflix: the social music service relies on licensing deals with publishers to stock its growing library of more than 20 million songs.

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