Can Dr. Dre Beat Spotify?

Music-streaming services are theoretically attractive but haven't yet made any money. Can the team that convinced millions of people to pay premium prices for headphones succeed where others have failed?

Buying music is passe; nowadays it's all about renting. Billboard reports that sales of "album plus track equivalent albums" fell by 7.6 percent in 2013. (Among subcategories of both digital and physical media, only vinyl sales increased last year.) The new hot trends are monthly subscription services that let people rent unlimited music from large catalogs hosted in the cloud, as well as personalized radio services that make money by selling ads.

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