Spotify to Announce Debut of Video Streaming Service

Financial Times: Spotify is working on a video-streaming service that will complement its music platform as the battle for dominance in digital content heats up. The privately owned Swedish group is expected to announce the new service at a launch event in New York on May 20. The Spotify service will not be comparable to Netflix, Hulu or other video offerings. Instead, it will support the company’s core music service.