Pandora went public to plenty of press nationwide. Meanwhile the local Bay Area press hyped the music discovery service’s impact on the economic development in Oakland. TechDirt’s Mike Masnick asked why no one else seemed to be talking about misleading reports about Pandora’s profitability.
…While Spotify declined to comment on their latest $100m boost, the popular European service is expected to launch in the US by the end of the summer. The Future of Music Coalition broke down Spotify’s significance against the cloud music backdrop:
“Spotify offers a fully interactive experience where users can have complete control over the entire Spotify catalog: Listeners can play, pause, rewind, and create/share playlists from the millions of songs Spotify offers. And, these features are available to any user, regardless of the music s/he currently “owns.” The European version of Spotify is “tiered,” with free listening (there are some limitiations and audio ads), as well as commercial-free, unlimited and mobile access for a monthly fee.
But even if this service gets huge in America, will it amount to a meaningful revenue stream for musicians?”