Stranglehold on streaming: Spotify reportedly in talks to acquire SoundCloud

The battle for dominance heats up as Swedish music-streaming service Spotify is reportedly in advanced talks to acquire German rival SoundCloud. The move would give Spotify a larger library of content (SoundCloud has over 125 million songs), offer emerging artists an easier path to streaming access and remove a competitor from the streaming music landscape after SoundCloud launched its own paid service earlier this year. Closer to shore, Commercial Radio Australia has announced the launch Australia’s first mobile streaming app providing listeners with access to more than 250 radio stations, part of the radio industry’s strategy to stay relevant in a highly competitive industry.