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Streaming discussion
stewart_pk:
U.S RECORDED MUSIC IS GOING GANGBUSTERS
https://www.stereo.net.au/news/us-recorded-music-is-going-gangbusters
JimH:
The growth was in the top line. What matters to streaming services is the bottom line. Spotify is growing but losing steadily more money. You can't make it up on volume.
KingSparta:
I sometimes wonder why they keep dumping money into streaming services if they continue to lose money.
As a Side note, I just got this e-mail from Amazon.
--- Quote ---Amazon Music
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Amazon Music is retiring the Music Storage service, which allows customers to upload and store up to 250 songs in a personal cloud library. Our records indicate you have uploaded one or more songs through your Amazon account in the past.
To keep, download, and play your uploaded songs at no extra cost, simply open a web browser, go to your Music Settings, and click the "Keep my songs" button to direct us to save them to the cloud. Otherwise, your uploaded songs will be removed from your library on April 30, 2018.
Your Amazon Music digital purchases will continue to remain securely stored for playback and download -- no further action is required to retain those. These changes will not impact your ability to stream Prime Music or Amazon Music Unlimited.
Music Settings
https://www.amazon.com/music/settings?ref=pe_button
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© 2018 Amazon.com, Inc. or its affiliates. All rights reserved. Amazon, Amazon Echo, Amazon Music, Prime, and all related logos are trademarks of Amazon.com, Inc. or its affiliates.Amazon.com, 410 Terry Avenue N., Seattle, WA 98109-5210.
--- End quote ---
stewart_pk:
--- Quote from: JimH on March 29, 2018, 07:00:43 am ---What matters to streaming services is the bottom line.
--- End quote ---
I don't really understand what this is meant to mean. If you're saying they only care about the bottom line then clearly this isn't true, if they've been constantly losing money like you say.
JimH:
They aim at growth in sales even if the business is very unprofitable. They are betting that they can sell the business, via an IPO or an acquisition. It is a very risky strategy. The road to success is littered with dead bodies.
From our point of view, it's risky to invest in supporting services, when it's likely that fewer than half of them will be around in a few years. I'd rather build on solid ground.
I'm going to move some of these posts to a new thread. I'd like to keep a clean log of the events, without too much discussion.
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