Could Spotify be the next YouTube or Netflix?

Apparently we may shortly have another reason to use Spotify: to watch videos.

According to The Wall Street Journal, the Swedish music app plans to launch its first video services, as a way to build up a bigger audience in the already-competitive sector.

The service will start streaming videos for both Android and iOS by the end of next week in the U.S.A., U.K., Sweden and Germany markets only. The company are yet to mention anything about the PC version.

Spotify currently has over 75 million users, with over 20 million of them paying for the ad-free version.

Although the specific content the company plan to work with is not yet clear, they have confirmed contracts with TV channels such as BBC, Comedy Central, ESPN, MTV and Vice News. They have also stated that they plan on offering more of “playlist-style content” in the form of shorter snippets.

Stay tuned for more info!

Source: The Wall Street Journal

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