Thursday, May 26, 2011

Mfarhanonline:Facebook and Spotify to stream music: Forbes

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Mfarhanonline Entertainment News SAN FRANCISCO: Facebook and Spotify are collaborating on a streaming music service at the world”s largest online social network, according to a report Wednesday by business magazine Forbes.

A Facebook spokesman told that it had no news to announce on that front, but pointed out co-founder Mark Zuckerberg commenting at a G8 summit that the California company is interested in making the music and film industries more social.

Facebook members can already use an application to share with friends what songs they are listening to at Spotify.

A Forbes story based on unnamed sources reported that Facebook is testing a service that would allow songs from Spotify”s vast library of music to be streamed to members of the social network.

Facebook is not out to get into music or film businesses but it is working with companies that create entertainment content to make their services more social, Zuckerberg said at a G8 forum in Paris.

Titles such as “FarmVille” by Zynga, made for play online with friends at Facebook, are part of a hot “social games” trend and Zuckerberg said that similar potential exists with news, music and films.

Early this month, Swedish music streaming service Spotify launched an application enabling users to synchronize playlists and songs purchased through its service with Apple”s iPod, a clear challenge to Apple”s iTunes.

The young Swedish company had previously focused solely on online streaming.

Founded in 2006, Spotify is one of the world”s largest streaming websites and is available only in Sweden, Norway, Finland, Britain, France, Spain and the Netherlands because of copyright issues.

The company announced in March it reached one million paying users. It currently has around seven million users of its free version, the company”s chief product officer Gustav Soederstroem told news agency TT. (AFP)

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http://www.mfarhanonline.com/2011052626032/facebook-and-spotify-to-stream-music-forbes/

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