The widget can be embedded onto a website and will show the top songs in the 28 different markets covered by Spotify. The tunes can be played right off the charts. Steve Savoca, Head of Content at Spotify, says, "What's so powerful about the streaming charts is they let you hear what people are really listening to, right now, and not just what they're buying." The widgets change automatically each Monday at Noon Eastern Time. In addition, Spotify users can see global play counts for each artist's top songs, dating back to 2008. This feature will first be available on the desktop client before getting rolled out to the mobile app.
The streaming music service has recently run into competition from Google Play Music All Access. Eventually, Apple will launch its iRadio streaming music service which has been delayed due to problems the Cupertino based firm has had coming to terms with the record labels. Since Apple plans on not charging for its service, making money from mobile ads instead, Spotify could soon run into some problems. The latter charges users for its service and to make matters worse, it is believed to have the highest payout rate in the industry, paying 35 cents for each 100 songs streamed. In comparison, Pandora pays just 12 cents for each 100 tracks it streams. Apple has been trying to get deals from the major labels like Sony Music and Warner Music at 6 cents per 100 songs streamed. It plans on offering the labels a portion of the advertising it generates from the service.
source: Spotify, SpotifyCharts via Engadget