Music streaming service Napster is adding 24,000 tracks to its catalogue every 24 hours, equating to over 1 million more every six weeks. The company has also announced that it will be offering a new version of the popular music player for Android and iOS devices called Pandora Radio. He forecast the annual streaming market would rise from $7bn to as high as $25bn, with Napster potentially gaining 20% of it. The platform's current catalogue contains over 50 million tracks.
Music streaming service Napster is adding 24,000 tracks to its catalogue every 24 hours, equating to over 1 million more every six weeks. The company's CEO, Bill Patrizio, announced the figures at an event in Cannes, where he also predicted an increase in diversification among streaming services, with different pricing tiers playing a key role. He forecast the annual streaming market would rise from $7bn to as high as $25bn, with Napster potentially gaining 20% of it. The platform's current catalogue contains over 50 million tracks.