Spotify And Deezer Look Beyond Music In Quest For Profitability

Earlier today, in an airplane hangar-esque building on Manhattan’s far West Side, music streaming service Spotify revealed its next move in a quest for long-term profitability: a plan to move beyond music streaming.

Spotify founder Daniel Ek stepped to the stage in front of dozens of reporters and photographers and explained that his company would be pushing into the world of podcasts and video, even as it continues to increase its market share in music.

“Life with Spotify will never be the s...