Meanwhile, numerous competitors have come to populate the music-streaming space. Pandora, for instance, claims 77 million users, compared with Grooveshark's relatively modest 30 million.

Grooveshark's planned pricing of 99 cents a month is "much cheaper than Pandora One, which is $4.99 a month," noted Glenn Hower, a research analyst with Parks Associates.

"However, Pandora is pretty entrenched in the market," he told the E-Commerce Times. "That's a tough road for Grooveshark."

From the article "Grooveshark Tries a Different Tack" by Katherine Noyes.

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