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>Why is this the case, anyway? Music streaming services [...] mostly all have the same content, Producing song tracks or books is "cheap" compared to tv & film
by jasode 2y ago
>Why is this the case, anyway? Music streaming services [...] mostly all have the same content,
Producing song tracks or books is "cheap" compared to tv & films.
Because tv series episodes cost more than $1 million each and movies productions can cost over $300 million, the studios are more tightfisted and financially incentivized to hold on to them exclusively for their own networks & streaming platforms instead of licensing it out to all the other streaming services.
Right now, the studios believe they can get more $$$ by using their exclusives to attract more subscribers rather than the sum of licensing money they could realistically negotiate from all their competitors. (The streaming competitors all want to underpay for licenses which contradicts the ip owners wanting max dollars.) E.g. Disney thought the old Netflix license contract was too much in favor of Netflix so Disney pulled their content and used it as "exclusives" on their own streaming service to attract subscription revenue. In other words, the early years of Netflix streaming where they seemingly had "everything" (that consumers look back on with fondness) ... was also the time period where Disney/HBO/etc thought they were getting financially shafted by Netflix.
Music doesn't have the same economics so the content owners are more willing to syndicate across all music streaming platforms. Nevertheless, there are a few "exclusive" arrangements such as Garth Brooks only offering his studio albums on Amazon Music and rejecting Spotify and Apple Music. It's definitely not the norm compared to tv & movies.