Why Spotify's CEO isn't threatened by Apple's new streaming service

Daniel Ek
(Image credit: Michael Loccisano/Getty Images for Spotify)

In an interview in this week's issue of Billboard magazine, Spotify CEO Daniel Ek explains why Monday's introduction of Apple Music isn't bad news for his company.

Apple Music will be available starting June 30, and will cost $9.99 a month — a comparable price point to Spotify's $10-a-month ad-free streaming service. Unlike Spotify, though, Apple Music doesn't have a free option — after a three-month trial period, users must pay to use Apple's streaming service. But Ek believes the competition is a good thing:

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Meghan DeMaria

Meghan DeMaria is a staff writer at TheWeek.com. She has previously worked for USA Today and Marie Claire.