Spotify plans to offer video on demand to compete with Netflix

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The streaming music service Spotify brings new horizons. As reported by resources , Spotify intends to become service video and music on demand . The new service would invest in original content and compete head to head with Netflix .

This important change to Spotify would compete with content creators and providers such as HBO . This channel originally aired Hollywood films began producing original content as the series’ The Sopranos’ and ‘Sex in the City’ and now charges a fee of 15 to 20 dollars a month to its subscribers, with products as successful as’ Game of Thrones’.

Although, if you want to gain a foothold in the streaming video market in payment, Spotify will have to have a large catalog of content , which appear in the latest releases. You also need a payment model similar to that offered in its music service, and it can be competitive with Netflix.

To do this, the Swedish company should increase its funding . Spotify is seeking partners who can help finance the project in streaming video and create exclusive content. It is unclear whether the talks would lead to a new round of investment in Spotify. Last fall, Coca-Cola and Goldman Sachs invested $ 100 million in the company.

Given the success of Netflix, Spotify bet on a similar model, taking advantage of the distinction between the Internet-based video and cable television has blurred thanks to the rise of smartphones, tablets and Internet-connected TVs. But for now, the company has not confirmed or denied this plan.

He have started blogging on Technology and computer at his college time in 2005 and worked with many reputed organization in India. He wrote many guest post for Technology magazine and newspapers worldwide. His writing and passion about Technology make him different from other writers in the global market. He love to write the review and thoughts on any new Technology and invention in current happenings.

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