Tesco buys the British digital music service We7

Tesco buys the British digital music service We7, which attempted to rival Spotify, for £10.8m.

The service attempted to go head-to-head with Spotify in 2009 as streaming began to take off. However, it lost that battle as Spotify’s star continued to rise – launching around the world – while We7 was forced to end its costly free on-demand streaming offering

http://www.telegraph.co.uk/technology/news/9332200/Tesco-buys-UK-music-site-We7-for-10.8m.html

~ by musicproducertv on June 15, 2012.

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