Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Spotify is gaining market share from major competitors like Apple and Amazon in the streaming industry. The platform has a low churn rate, similar to Netflix, and is known for its extensive music catalog. Despite this, Spotify faces challenges with low gross margins due to limited negotiating power with rights owners. The company is implementing price hikes to improve profitability and differentiate itself in the market.
Spotify Has One Big Advantage on Every Other Streaming Service (@lucas_shaw - @business) https://t.co/50UyPskJje
$SPOT is hiking prices for the 2nd time in a year - but not all streamflation is the equal. Users are more loyal to audio services than video - plus $SPOT's main competitors are megacaps like $AAPL and $AMZN, which have giant other businesses. @dee_bosa reports https://t.co/CkRGH2MsRY
We're about to see a very different version of music streaming. Because it's time to get profitable. Here's 5 changes coming for streaming that will change how we consume & monetize music: (some are already here) 1. PRICE HIKES After 12 years of $9.99/mo, every streamer…
