The website transformed music into a public good for a brief period of time, making it relatively easy for music enthusiasts to download copies of songs that were otherwise difficult to obtain. At its peak, Napster had 80 Million registered users. Its technology allowed people to easily share their MP3 files with other users. Spotify and other streaming services are really the progeny of the pioneering peer-to-peer file sharing service called Napster, which was set up in 1999 by Sean Parker and Shawn Fanning, two young students who were barely 20. Spotify has already gained a 15% share of the Indian audio streaming market, which is currently dominated by Gaana at 30%, followed by JioSaavn with 24% and Wynk with 15%. Apple Music is the next with an 18% share. Spotify, which launched in India last year, is without doubt the dominant player with an estimated 36% market share and over 305 million subscriptions globally. The growing popularity of audio streaming services around the world has led to a major disruption in the music industry over the last decade.
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