3 ms·
Maybe the artists think consumers should pay more. If Spotify wasn't a quasi-monopoly, it would seem silly for artists to demand consumers pay more only on the
by jessriedel 6y ago
Maybe the artists think consumers should pay more. If Spotify wasn't a quasi-monopoly, it would seem silly for artists to demand consumers pay more only on the Spotify platform, but since Spotify is, the argument is at least prima facie reasonable?
- mattnewton 6y agoSpotify doesn’t seem like a monopoly that has pricing power; they are in tight competition with multiple streaming services like Apple Music and amazon close behind and catching up. There are some sources that have Apple Music already with more paid subscribers than Spotify, and Spotify definitely can’t pay a penny per stream of their free ad users. https://www.statista.com/statistics/653926/music-streaming-service-subscriber-share/ https://www.statista.com/statistics/653926/music-streaming-s... https://www.businessofapps.com/data/spotify-statistics/ https://www.businessofapps.com/data/spotify-statistics/
- _jstreet 6y ago> Spotify doesn’t seem like a monopoly that has pricing power I'd argue that all music-streaming services have very little pricing power! Streaming services rely on being an easier/friction-free option as opposed to piracy (or alternatively, buying the copies directly from the musicians). Your point is still valid though, the competition is still fierce; Amazon, Tidal, Apple.. etc.
- notriddle 6y agoThey're also competing with FM radio.