Xbox music revealed, Pandora’s shares decline

Pandora shares took another hit from yet another online music streaming competitor as Microsoft launched their new music platform, Xbox Music. Pandora’s dip in stocks was shown from their 3.24 percent decrease reported last Monday on boston.com.

 

With its partial release on Oct. 16, the service will be available to the masses on Oct. 26, coinciding with the release of Windows 8. The supposed “all-in-one music service” allows users access to free streaming up to 10 hours a month after 6 months and unlimited streaming with a paid subscription of $9.99 monthly.

 

The overall music selection of the new Xbox Music boast 30 million songs as compared to Pandora’s roughly 800,000, according to techcrunch.com.

 

In a recent review of Xbox Music from the popular gadget site Gizmodo, writer Kyle Wagner called it, “the perfect music service – if you use nothing but Microsoft.”

 

The all-inclusive design is meant to house all of your music needs in one place, but for those looking for a cross-platform service, this may be a potential disadvantage.

 

For now, Pandora is still the nation’s largest free online streaming service, serving 80 million users last year, according to ABC News. Apple remains the largest in digital music sales with 64 percent of the market in 2012, as conducted by market research firm NDP group.

 

Regardless of preference, the launch of Microsoft’s new platform is a landmark event for online music streaming, which is expected to dominate attention and increase competition in the months to come.

One Response to "Xbox music revealed, Pandora’s shares decline"

  1. john   October 22, 2012 at 8:05 am

    Microsoft embroiled in a legal dispute in China and may lose the domain XboxMusic.com !
    Microsoft Corporation had won the domain xboxmusic.com disputes in June at the National Arbitration Forum.

    But now, two months has gone, we find that Microsoft hasn’t get the domain XboxMusic.com yet. the whois of xboxmusic.com is still the original registrant information.

    http://whois.ename.net/xboxmusic.com

    We find that the domain owner had sue Microsoft to the China court, and accuse Microsoft infringed his legitimate rights.

    The China court had accept the complaint.The court will adjourn the case according to the law of China.

    Reply

Leave a Reply