Music-streaming company Spotify AB is laying plans to enter the hotly competitive Web-video business, according to people familiar with the matter, preparing to take on powerhouses like YouTube and Facebook Inc. in a strategy that may put growth ahead of profit.
The closely held streaming service, which has shaken up the recording industry over the past few years, has been in talks with several digital-media companies about potential partnerships, these people familiar said.
Source: Spotify Plans to Entry Into Web-Video Business – WSJ