According to a Feb. 20 report in “MacRumors”, “Spotify” the popular music streaming service, is now in negotiations with record company executives over renewing its licensing agreements. “Spotify” wants to make its free streaming service available on iPhone, iPad and other smartphones and tablets. It also wants to get the record companies to lower their licensing fees.
Right now, free "Spotify" music streaming is only available on computers. To get "Spotify" streaming music on your iPhone, iPad or iPod touch beyond a free 48 hour trial period, you must pay $9.99 for a month for a premium subscription.
"Spotify" is an awesome service. When you download the its free app from the App Store and you take the 48 hour free trial, you see how much it has to offer. Besides streaming radio stations, you can search for a specific song to play or even a specific album to play.
"Spotify" has 5 million paying subscribers and 20 million users around the globe, which makes it the first subscription service of its kind to reach such a large audience. But its business model hasn't yet proven to be a success and these negotiations will probably determine its fate. Currently, "Spotify" is said to be barely breaking even.
It is in the record companies' interest to see "Spotify" survive, so something may be done on fees and "Spotify" may be able to bring free streaming to iPhone, iPad and iPod touch.
While we wait to see how ""Spotify"" does with the record companies, why not download "Spotify" and give the free trial a whirl, no credit card info needed.