By Claire West

Spotify, like iTunes,has been hailed as a saviour of the music industry because it is a 'cool' alternative to piracy that actually works.

Spotify is an innovative digital music service that was launched to the public in October 2008 and within 10 months has more than one million users.
Spotify was founded by Daniel Ek, former CTO of Stardoll, and Martin Lorentzon, co-founder of TradeDoubler, in Stockholm. The headquarters are located in London. Spotify is funded by advertisements and paid subscriptions.

Spotify has submitted the application to Apple's iTunes App Store for its approval - watch this space!