By Euro Weekly News Media • 09 October 2016 • 12:00
SHARING MUSIC: Daniel Ek of Spotify.
AS the digital age progresses, so the legal downloading of music is becoming more sophisticated and Swedish company Spotify formed by Daniel Ek is now apparently in take-over talks with German platform Soundcloud.
The concept of file sharing for music was launched by American company Napster which was nullified due to problems with copyright infringement, but Spotify appeared on the scene and offers subscribers the opportunity to stream music of their choice after it has signed formal deals with record companies around the world.
Soundcloud had a different motive as it simply allowed bands and musicians (often unsigned) to upload their works to the site which was accessible to fans around the world.
This has now changed as Soundcloud has also started to charge for certain services. Some believe this was done deliberately at the request of shareholders who want to see the company sold as it is yet to make a profit and an existing pay to play service would appeal to potential purchasers.
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