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If anyone thinks Spotify has leverage over record labels, I would challenge you to compare Spotify's operating losses year over year VS. Apple Music's operating
by smpetrey 10y ago
If anyone thinks Spotify has leverage over record labels, I would challenge you to compare Spotify's operating losses year over year VS. Apple Music's operating losses year over year.
- usaphp 10y agoCan you elaborate on that? What are their losses?
- citruspi 10y ago184.5 MM € in 2015[0]. [0]: http://www.businessinsider.com/r-spotify-revenues-grow-80-percent-to-19-billion-euros-in-2015-operating-loss-widens-2016-5 http://www.businessinsider.com/r-spotify-revenues-grow-80-pe...
- ikt 10y agoAnd what is Apple music's operating losses? Spotify has always talked about losses being expected, they want user growth at any cost. http://www.recode.net/2016/5/23/11749122/spotify-losses-revenue-2015 http://www.recode.net/2016/5/23/11749122/spotify-losses-reve...
- caryhartline 10y agoIt is certainly normal for startups to expect losses and only want to gain users, but it's not a sign of strength in themselves or their business model. If you're trying to gain users at any cost then other businesses will take advantage of that desperation.
- adventured 10y agoAnd meanwhile there's SiriusXM with $745 million in net income, up nearly 50% over 2015.
- deleted 10y ago[deleted]