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I never understand why Spotify is so cheap. I'm a bit of a music head, but I would absolutely pay twice as much for the subscription service. Or is Spotify prim
by xbryanx 8y ago
I never understand why Spotify is so cheap. I'm a bit of a music head, but I would absolutely pay twice as much for the subscription service. Or is Spotify primarily making money off ads or data?
- pjc50 8y agoThe price is roughly at equilibrium with piracy.
- tbihl 8y agoAt this point, piracy only makes any sense if you can't meet the requirement of accessing their servers monthly to maintain access to locally stored songs.
- SOLAR_FIELDS 8y agoThe article and the comments here are all making it seem like Spotify is the one being cheap. In reality that’s probably the maximum that they can pay to even come close to turning a profit while the distributors are still in the mix: http://fortune.com/2016/05/24/spotify-financials/ http://fortune.com/2016/05/24/spotify-financials/ That article is from 2016 yet they are still losing money. There would be a lot more money involved for both Spotify and the artists if they went the Netflix route and cut out the record label middlemen. I’m sure they are trying to do that but for whatever reason they haven’t been successful yet. Probably because the back catalogue of the record labels has a lot more leverage than the back catalogue of a bunch of movies. I wonder if they went the route of churning out a ton of original content if that would gradually increase their influence and get people to sign with them for future releases because they would be paying more. It’s a precarious game, since I’m sure the record labels will be happy to yank all of their music once they get wind of Spotify trying something like this out.