Spotify now has 220 million paying subscribers
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Spotify now has 220 million paying subscribers
https://www.theverge.com/2023/7/25/23805766/spotify-earnings-q2-2023-subscribers-monthly-active-users
A day after raising its prices.
https://www.theverge.com/2023/7/25/23805766/spotify-earnings-q2-2023-subscribers-monthly-active-users
A day after raising its prices.
the company's expenses for research and development, marketing, and administrative costs totaled a staggering €978 million
It also says marketing, so who knows how much of that is actually for research and development.
I imagine spotify could research how to make their data centers and delivery more efficient, music suggestion algorithms, or just in general how to best retain and aquire new customers.
It's revenue share with the record labels. If those labels don't pay the artists well that's a different issue.
I release independently and I earned a whopping $43 for 50k+ streams (so far). Sure, 50k isn't much compared to mainstream artists, but $43 isn't much either.
It's revenue share based on how many streams you get. Big record labels can probably negotiate a better share, but if you sign to one there's no guarantee you will actually see that extra money.
Record labels ripping off music artists was incredibly common in the time before streaming, so I imagine it still is today.
That's about what YouTube creators would get for the same amount of hits, which still doesn't make it a lot but I think it's an interesting comparison.
I quit a few weeks ago ... couldn't stand the infernal podcast promotions that never ended. Until I cut the cord!
Seriously!! I listened to one podcast one time and now my whole front page on mobile AND CarPlay is all podcasts. The CarPlay is what I care about more because I’m fucking driving you can’t navigate to find new music. It’s mind blowing
Are people really unsubbing over a dollar a month? Seems kinda insignificant if you’re actually using the service.
The people that do we’re already considering it. Each hike you reevaluate if you actually need the service and at some point you drop it.
Nah, but people on the internet love to pretend. I just hope this price hike benefits the artists at least somewhat.
I'd complain, except it hasn't gone up in a decade.
Prices needs to go up a little bit every year to reflect CPI and inflation.
Yeah that's where I'm at. This isn't a Netflix situation, Spotify is still a good deal. Hell, the music streaming market is pretty competitive right now especially compared with movies/shows
Mainly because of the lack of exclusivity.
UMG once talked about making their own streaming service but fortunately that didn't happen and things have stayed open with good catalogues on all services.
I cancelled my subscription a couple of months ago.
Instead, I donate monthly to SomaFM, a very nice radio station with a lot of cool genres.
It's crazy how much I missed the lack of control over what the next song was. I ended up listening to more stuff outside my comfort zone.
I never had a subscription. If you guys use android, go to fdroid and download musify or black hole. Save your $$ and avoid buying stuff from Google, Amazon, spotify and Facebook. Save internet from going to shits.
I've been on Pandora for a long time now and, as someone above said, I enjoy the "radio" aspect of it to discover new music.
That, and isn't Joe Rogan on the Spotify payroll?
I’m not sure why so many Apple folk use Spotify. I prefer Apple Music. Also, the new included Apple Classical App is fantastic. Spotify offers a shit experience for classical music lovers.
As someone who has grown to hate pretty much all things apple, Apple Music is an obvious choice over Spotify for audio quality alone. The music selection is also very good.