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"Spotify is targeting a move into the video streaming sector, according to a report. Business Insider claims that the music streaming platform is aiming to take on the likes of Netflix with a digital TV and movie service.  Details of the venture have not been disclosed, but the report suggests that Spotify is planning to distribute exclusive content, similar to Netflix&amp;#039;s strategy with Kevin Spacey drama House of Cards. The news comes at a time when Spotify is expected to see heightened competition in the music streaming sector, with rival services from Twitter, Google and Apple rumoured to be in the pipeline. Spotify recently revealed that it has more than 24 million active users, with over 6 million taking a paid subscription from the firm. The streaming service also said that it has paid out more than $500 million to music rights-holders since its foundation in 2006. "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.digitalspy.com/tech/internet/news/a468336/spotify-to-take-on-netflix-with-video-streaming-service/>