That being said, the question then is: “Why should organizations and consumers choose to use Microsoft OneDrive over Dropbox, Google Drive, or Box?” However, this “work from anywhere” reality is forcing organizations to surface information to their users in real time, with the ability to immediately respond to requests and secure sensitive content. The concept of remote work has pervaded organizations around the globe, and employees are becoming productive whether they are in the office or on the go. Let’s face it: Gone are the days of going into the office to access company information. The company is also facing stiff competition from deep-pocketed competitors: Apple has Apple Music, Google has Google Play Music and YouTube Red/YouTube Music, and Amazon has Amazon Music.*This blog has been updated from its original publishing to ensure accuracy.* The company has been expected to become publicly traded this year or next, a move that would stave off bankruptcy for a number of years, but Spotify appears to be no closer to developing a viable business model and payment structure that would enable it to turn a consistent profit. Spotify is the largest streaming media service, with around 140 million customers, but it's wildly unprofitable in June, it reported losses of $601 million on revenue of $3.3 billion for 2016.
The decision leaves Microsoft as the only major platform owner to not have its own music service. Owned music bought from the store will also have to be downloaded (and backed up!) by that date. The company says that it will continue to develop the Groove Music app ( formerly known as Xbox Music) for playing local and owned music (including files stored on OneDrive), but the music subscription capabilities will be removed from the app.Įxisting Music Pass subscribers will be able to migrate their playlists and collections to Spotify in app updates that are going to become broadly available on October 9. Music purchases in the Windows Store will cease, and the Groove Music Pass subscription service is also ending.
Microsoft announced today that it's getting out of the online music business.
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