I agree. I don't understand how a company with so many resources and at the top of the entertainment industry didn't see that Netflix and Spotify were the future. They should have bought both companies long time ago or, at least, create Apple Music and "Apple Movies" a few years ago.menime123 wrote:I really wouldn't be surprised if Apple just ended up buying out Spotify, simply to eradicate the competition. Apple - for all their innovation and forward thinking - seriously dropped the ball where streaming is concerned and are now playing catchup in a market that doesn't need them.
Apple singlehandedly re-invigorated the singles market with the introduction of the iTunes Store so I'm surprised they ignored/opted out of whatever was going to happen next.
Same with Netflix too actually: had Apple (with its reputation and clout) gotten into the streaming game from the get go, we might not have multiple services with their own explosives, which ultimately ruins the experience of the end user.
lolSpotify has finalized a new, multi-year global license agreement with Universal Music Group that, as expected, gives UMG artists access to a “flexible release policy” — namely, the ability to window new albums for paid users only for a two week period.
The agreement, announced today, represents the end of Spotify’s long-standing policy of granting all of its users — both free and premium alike — access to complete albums on their release dates. In making the announcement, Spotify chairman and CEO Daniel Ek said the new partnership was built on a “mutual love of music” between the companies, and part of an initiative to create more value for artists.
“We will be working together to help break new artists and connect new and established artists with a broadening universe of fans in ways that will wow them both,” said Ek in a statement. “We know that not every album by every artist should be released the same way, and we’ve worked hard with UMG to develop a new, flexible release policy.”
Ek said the flexible release policy for UMG begins immediately, so upcoming albums from the label’s artists could feasibly be affected. UMG artists will be able to choose to keep their albums on premium for two weeks only, before they are released wide, giving paid subscribers a complete picture of the work. Any singles will continue to be available across all tiers, he noted.
Sir Lucian Grainge, chairman and CEO of Universal Music Group, released the following statement about the pact: “Eight years ago, when streaming was a welcome but small source of revenue, UMG embraced partners like Spotify as a way to help return music to a vibrant future benefiting the entire ecosystem. Working hand in hand with these digital services brought us the industry’s first real growth in nearly two decades.”
He added, “Today, streaming represents the majority of the business. Our challenge is transforming that upturn into sustainable growth. In a market this dynamic, one evolving more rapidly than ever before, success requires creative and continual re-evaluation of how best to bring artists’ music to fans. At UMG, we’ve not only re-imagined distribution models and technologies, but entire business models. The only constants must be great music and fair compensation for artists and creators. To that end, the long-term success of Spotify, and others like it, is essential to the ecosystem’s enduring health.”
Spotify has not announced any other similar licensing deals with other major labels. The agreements are seen as a crucial step as Spotify tries to clear the path for an IPO in 2018.
Spotify’s position had always been that a wide release to both its ad-supported and paid tiers was the best way to reach fans with new music. Other major streaming services, including Apple Music, Amazon and Tidal, do not encounter the same issue as they don’t offer a “freemium” option. By adopting windowing for big releases, Spotify is adding a major incentive for free users to upgrade — though it could also send listeners elsewhere, like YouTube, which has an ad-supported tier as well, or back to piracy.
http://www.spin.com/2017/04/spotify-uni ... s-paywall/
And Amazon. It's triple A actually, Amazon, Apple, Alphabet.Rihab wrote:This is the beginning of the end for the Spotify free tier. You can't win against Apple and Google.
I agree, as long as it doesn't mean more service exclusivity deals. No one is here for having four different subscriptions.JeyBeMust wrote:I'm super excited about this new era. Streaming platforms are saving the industry and also, even when I'm a huge Apple fanboy, I'm glad that Apple doesn't have another monopoly and Spotify, Apple Music, Tidal, Amazon and Google will have to fight to gain more subscribers
The harder it gets for them, the better for us
The most of their profit (>70%) goes to labels and copyright owners. The remaining is spent on marketing and operational cost, but apparently that's not enough.jpguy wrote:I still don't understand how this company is "losing money"?
I read an article and it mentioned how great the number of subscribers is going as of now but the company was still not making a positive profit? Someone can explain?
Brain ship implant. or somethingmenime123 wrote:Steaming is the last, final format for the industry imo. Where else could it go? I don't think it should be free though, and in the scheme of things 70 million worldwide paid subscriptions (across 2 services) isn't huge.