Spotify's Daniel Ek Explains Why the Music Business Needs Him, and You Do, Too (Video)

Let’s say Spotify does make it to the U.S.. Why would anyone use it instead of the subscription services that are already here? And why would anyone pay a monthly fee for music at all? Daniel Ek makes his case.

RealNetworks Cuts 130, 7.5 Percent of Workforce

Next up on today’s layoff parade: RealNetworks, which is cutting 130 jobs, or 7.5 percent of the workforce. Standard explanation: The company is trying to “bring expenses in line with revenues in a time of economic turmoil.”