Spotify wants to release and iPhone app and dominate the world of music streaming.

“Spotify has been gaining popularity in Europe since its launch in 2006. The peer-to-peer program, which lets users share music from their own collections with other users, is considered one of the top music-streaming sites thanks to its huge library of songs which play with almost zero buffering delay (that annoying choppiness that can make streaming songs — or video or TV shows — particularly frustrating). Add to that the fact that Spotify’s basic service is free — advertising pays for artists’ royalties — and it’s easy to see where it gets its approximately 6 million users.”

I dont know about you guys but as a music consumer, i like the idea of having access to millions of tracks and never having to use the storage space on my device. I also like the fact that i can stream content from a list of millions of song for a small monthly fee. For about $15 a month ( the cost of about 15 songs in iTunes) Spotify will allow users to stream it’s library of 6 million songs in CD quality and without that long buffering wait.
I have to add that as a music creator (artist/producer) Spotify does create some concerns. Sometimes i want to be able to download the track so that i can remix it and what happens to music ownership?  How will copyright owners will get payed with this model?

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