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Spotify challenged by new competitors

More and more competitors to the Swedish music streaming service Spotify are being launched, which could make it difficult for the company to expand as much and as fast as it wants to.

In response they are now launching several different services including giving their paying customers a chance to transfer playlists to their Ipod.

About two weeks ago Spotify announced that they would put further limitations on those who with to use the free version instead of the pay version.

Two weeks ago Spotify decided to further limit users access to the free version, the move was meant to get more people to sign up for the pay version. Today the company has about 7 million users of the free version while only 1 million customers chose to pay for the service.

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