3 ms·

I agree in theory but practically this is a non-starter as the big 3 record companies are also investors in the company. Even if they weren't however the downsi

I agree in theory but practically this is a non-starter as the big 3 record companies are also investors in the company. Even if they weren't however the downside risks of the big 3 not agreeing to renegotiate licensing in the future would be catastrophic to Spotify. This is where I think Tidal got it right both in terms of a business model and something that was good for artists. It's a shame what became of Tidal.

koevet 3y ago
What happened to Tidal? I'm a user and swiched to Tidal because I was done waiting for Spotify hi-fi.
- bogomipz 3y ago
  Tidal was sold to Block. The sale itself was somewhat controversial and there was a lawsuit filed as a result, albeit unsuccessful. See: https://www.reuters.com/legal/judge-dismisses-lawsuit-over-blocks-terrible-purchase-jay-zs-tidal-2023-05-09/ https://www.reuters.com/legal/judge-dismisses-lawsuit-over-b... I also think that alot of those Tidal jobs were probably eliminated in Block's own layoffs. See: https://sfstandard.com/2023/11/08/block-square-cashapp-layoffs/ https://sfstandard.com/2023/11/08/block-square-cashapp-layof...
lotsofpulp 3y ago
> this is a non-starter as the big 3 record companies are also investors in the company. The big 3 record companies have negligible investments in Spotify: https://finance.yahoo.com/quote/SPOT/holders/ https://finance.yahoo.com/quote/SPOT/holders/ Even if they did have a non negligible interest in Spotify, that is not the reason it is a non starter. It is a nonstarter because everyone wants to listen to music owned by the big 3 record companies. Insufficient people are going to be interested in paying for a music streaming service without Michael Jackson, Sinatra, and a whole bunch of other big names and old songs that span decades. And people want to listen to music on demand, and repetitively. People are not going to be signing up for 1 month at a time like video streaming businesses, because people do not consume music the same way as video.
- bogomipz 3y ago
  >"The big 3 record companies have negligible investments in Spotify": This was not always the case however. The big 3 historically had interest at over 6% and they took money off the table only recently. [1] >"Even if they did have a non negligible interest in Spotify, that is not the reason it is a non starter. It is a nonstarter because everyone wants to listen to music owned by the big 3 record companies." Yes we are saying the exact same. I clearly stated that losing that licensing would be catastrophic. [1] https://archive.is/KaI0X https://archive.is/KaI0X

koevet 3y ago

What happened to Tidal? I'm a user and swiched to Tidal because I was done waiting for Spotify hi-fi.

bogomipz 3y ago
Tidal was sold to Block. The sale itself was somewhat controversial and there was a lawsuit filed as a result, albeit unsuccessful. See: https://www.reuters.com/legal/judge-dismisses-lawsuit-over-blocks-terrible-purchase-jay-zs-tidal-2023-05-09/ https://www.reuters.com/legal/judge-dismisses-lawsuit-over-b... I also think that alot of those Tidal jobs were probably eliminated in Block's own layoffs. See: https://sfstandard.com/2023/11/08/block-square-cashapp-layoffs/ https://sfstandard.com/2023/11/08/block-square-cashapp-layof...

lotsofpulp 3y ago

> this is a non-starter as the big 3 record companies are also investors in the company. The big 3 record companies have negligible investments in Spotify: https://finance.yahoo.com/quote/SPOT/holders/ https://finance.yahoo.com/quote/SPOT/holders/ Even if they did have a non negligible interest in Spotify, that is not the reason it is a non starter. It is a nonstarter because everyone wants to listen to music owned by the big 3 record companies. Insufficient people are going to be interested in paying for a music streaming service without Michael Jackson, Sinatra, and a whole bunch of other big names and old songs that span decades. And people want to listen to music on demand, and repetitively. People are not going to be signing up for 1 month at a time like video streaming businesses, because people do not consume music the same way as video.

bogomipz 3y ago
>"The big 3 record companies have negligible investments in Spotify": This was not always the case however. The big 3 historically had interest at over 6% and they took money off the table only recently. [1] >"Even if they did have a non negligible interest in Spotify, that is not the reason it is a non starter. It is a nonstarter because everyone wants to listen to music owned by the big 3 record companies." Yes we are saying the exact same. I clearly stated that losing that licensing would be catastrophic. [1] https://archive.is/KaI0X https://archive.is/KaI0X