In a cost of living crisis the answer is not make people struggle more to afford something that enriches peoples lives like music by raising the price, music (and all art for that matter) deserves more respect and it being easily accessible is vitally important for society
so the price point is not a problem and is accessible for most people but fundamentally the whole system it's built upon is a problem, artists should be paid more across the board and everybody should be able to afford to live
Lol if they can't turn a profit how do you expect them to pay artist more without raising prices😭😭
weird, apple music just hired 1500 employees
🤣🤣🤣
Positive they in the same boat they can just offset they losses with new iphone sales
time to go back to physicals
Not like this gon be any better. Consumers are used to streaming. Hardly anyone bought copies then talk less of singles. And now it's more artists too. Labels gon have to spend a fork load in promotion and marketing and still not make money. It's gon be worse.
It's simple. Spotify pays out two thirds of their total revenue to the major labels for licensing alone... Off the top. Obviously there'd be no Spotify without those music catalogs so they have no choice but to bend over and get f***ed. The business model isn't sustainable as we're clearly seeing.
The biggest common sense play for this licensing cost issue would be for Spotify to take the Netflix route and go heavy on original content/music... To start their own label and sign their own acts, then blow them up right? Well... They can't. Their licensing contracts with the major labels prohibit this. It's language in the contracts. This is why Spotify tried going in so much with podcasting. But they failed miserably and completely misused that spending budget. They went heavy on the celeb podcast route (the Obamas, Kim K, etc) and they all flopped.
I think the major labels' plan all along has been to purposely sink Spotify, force them to sell, then buy it together. It wouldn't make sense for just one major label to outright buy it for the same licensing reason I mentioned earlier. They'd happily go in on this buy together, collectively gain a third more profit off the top, probably raise prices more and more over time, and be able to even pay artists more per stream and look like heroes at the end of the day. It's genius tbh.
It’s probably not. For Apple it doesn’t need to be though, same with Amazon and Amazon Music. That’s the major difference. These music services are side dishes for them, not the main meal like it is for Spotify. They’re essentially billboards for their companies to get new customers into their overall product & subscription ecosystem.
Apple’s main objective is selling their Apple One subscription which is a crazy value bundle, and Amazon’s is Amazon Prime.
The amount of services you get for prime for the lil amount is so crazy.
It’s probably not. For Apple it doesn’t need to be though, same with Amazon and Amazon Music. That’s the major difference. These music services are side dishes for them, not the main meal like it is for Spotify. They’re essentially billboards for their companies to get new customers into their overall product & subscription ecosystem.
Apple’s main objective is selling their Apple One subscription which is a crazy value bundle, and Amazon’s is Amazon Prime.
Loss leader!
In a cost of living crisis the answer is not make people struggle more to afford something that enriches peoples lives like music by raising the price, music (and all art for that matter) deserves more respect and it being easily accessible is vitally important for society
so the price point is not a problem and is accessible for most people but fundamentally the whole system it's built upon is a problem, artists should be paid more across the board and everybody should be able to afford to live
You’re right in a sense but in the meantime while nothing is actively changing it’s kinda like f*** that, raise prices cause it’s the only way musicians get paid right now other than touring 300 days out of the year (which is why albums are ass now)
The amount of services you get for prime for the lil amount is so crazy.
Facts. Nobody can compete with Apple and Amazon it's wild. They're so cash fluid
with all the aggressive expansion and marketing and the fact that EVERY person I know has Spotify and pays for it AND the fact that they rip artists off with 0.003 cents per stream or something and it's still their THIRD round of layoffs this year and they still struggle to maintain profit
just who on earth convinced us that it's a sustainable business model and the future of music listening. even the business side is so trash they have to cut their own off to please investors
Same thing with tv / movie / video game streaming services
None are making profit and are not sustainable
Same thing with tv / movie / video game streaming services
None are making profit and are not sustainable
rent seeking being pushed as a reliable business model is truly the greatest peacetime swindle of this century