This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Streaming Music Grows Up

While addressing that growing need represents a goal for most of the streaming services, it is a more immediate need for Spotify, Echo Nest's new parent company and Lucchese's new bosses. According to Ken Parks, Chief Content Officer, Spotify is already active in 55 countries around the world and is expanding into many others.

Parks told TheStreet in a private interview that in addition to some packaging changes to the user interface coming in the short term, the company is focused on reaching directly into markets where the challenges to a Western company are greatest. For that, they need tools to analyze and present effectively in the local cultural context.

Even with their international advantage over the rest of the streaming players, the challenge remains a huge one for Spotify.

"We've got to be best in class at every instance," Parks said.

Partly those challenges will be met by parsing the flood of personal information that is becoming available on each consumer on the planet over the coming years. That "explosion of data" as Lucchese termed it, will be useless without the tools to parse and apply it in ever more intelligent ways.

The streaming sector's challenges, goals and even methods of operation are becoming more homogenous across the board, unifying them on a deeper level in the challenge of shaping the global music business landscape for the rest of the century.

As the purchase of Echo Nest shows, the sector is ripe for consolidation, but brand identity -- once obvious -- is going to become increasingly more imperative. As their functions, philosophies and technologies become more similar, a growing challenge is emerging to create tools and marketing that will more clearly differentiate one service from another for the end user.

-- Written by Carlton Wilkinson in Austin, Texas

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
P $16.21 0.00%
AAPL $124.43 0.00%
FB $82.22 0.00%
GOOG $548.00 0.00%
TSLA $188.77 0.00%


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs