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Why Streaming Struggles
JimH:
Music Publisher Sues Spotify for $1.6 Billion
http://variety.com/2018/biz/news/spotify-hit-with-1-6-billion-lawsuit-from-publisher-representing-tom-petty-neil-young-others-1202651199/
tyler69:
Maybe interesting to some:
https://thetrichordist.com/2018/01/15/2017-streaming-price-bible-spotify-per-stream-rates-drop-9-apple-music-gains-marketshare-of-both-plays-and-overall-revenue/
DJLegba:
--- Quote from: tyler69 on January 18, 2018, 04:10:14 am ---Maybe interesting to some:
https://thetrichordist.com/2018/01/15/2017-streaming-price-bible-spotify-per-stream-rates-drop-9-apple-music-gains-marketshare-of-both-plays-and-overall-revenue/
--- End quote ---
I like the comment from the songwriter who said streaming is legalized theft. If you enjoy listening to music then buy it so you support the people who create and perform.
JimH:
Spotify filed to go public and revealed just how big their losses are.
From The Verge:
"The filing gives us one of our best looks yet at Spotify’s finances, with the company posting revenue last year of €4,090 million (nearly $5 billion) and a net loss of -€1,235 million (or ~$1.5 billion) for the same period."
In other words, they lose about $30 for every $100 in business. You could do better by selling $100 bills for $80.
https://www.theverge.com/2018/2/28/16846064/spotify-ipo-public-offering-announced-music-streaming
imugli:
And this from Sydney Morning Herald here in Oz...
--- Quote ---Spotify claims 71 million subscribers - about double that of its biggest competitor, Apple Music.
The difference is that Apple Music is merely a loss leader for Apple's juggernaut devices business. Apple, which is sitting on a veritable mountain of cash, doesn't need to make money from streaming - it's a service designed to keep people buying iPhones.
Spotify has no such luxury.
Yet there is an even more troubling flaw in Spotify's business model. It has almost no leverage with its key suppliers.
--- End quote ---
https://www.smh.com.au/business/investments/spotify-s-symbolic-non-ipo-and-why-it-s-no-netflix-for-music-20180301-p4z2ad.html
In the end, I still think we'll see Apple, Google, and a third option offered by the combined might of the studios. There was a fake story a couple of years back that Google bought Spotify. I still think that will play out to be the case and I think Tidal will be bought by Apple.
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