Nothing to celebrate. My CDs from twenty years ago still work. Why would I invest time in Spotify when one day all the music just disappears, or they raise prices, etc.? If this is the future it doesn’t feel like progress.
Spotify opens on NYSE, valuing company at almost $30B
271–280 of 479 posts
Re: Spotify opens on NYSE, valuing company at almost $30B
#272Earlier quoted context omitted.
What that says about Spotify's valuation is another thing
This is something that has been bothering me. Doesn't it seem like stock prices are getting out of whack?
Re: Spotify opens on NYSE, valuing company at almost $30B
#273I do love Spotify as a product, however I don't think it will scale the same way Netflix does. Spotify is at the mercy of major record labels, and as their books become more transparent the record labels will squeeze every dollar they can for licensing. That is, unless they find a way to upend the record industry entirely. Spotify has a unique position with their amazing discovery/recommendations engine- they could p…
> Spotify is at the mercy of major record labels For now. They have a large enough reach to essentially "become" a major record label, all they need is to start signing artists to contracts.
Google is worth 1000B, general motors is worth 60B.
Why? I'd contest GM has more 'stuff' and abilities to do 'anything'. Google has a bigger population, but what does that translate to when the value of tech might be lower.
I'm not saying tech isnt more valuable, but there might be something wrong with google being 1,700% larger market cap than GM.
Re: Spotify opens on NYSE, valuing company at almost $30B
#274The problem here is that I purchase these subscriptions so that I can have access to all of the music I haven't decided that I want to own forever yet. If this trend continues and streaming platforms become more and more exclusive, I will likely cancel my subscriptions, buy my music from the artists directly, and say goodbye to renting rather than owning music.
Re: Spotify opens on NYSE, valuing company at almost $30B
#275Nothing to celebrate. My CDs from twenty years ago still work. Why would I invest time in Spotify when one day all the music just disappears, or they raise prices, etc.? If this is the future it doesn’t feel like progress.
Re: Spotify opens on NYSE, valuing company at almost $30B
#276Nothing to celebrate. My CDs from twenty years ago still work. Why would I invest time in Spotify when one day all the music just disappears, or they raise prices, etc.? If this is the future it doesn’t feel like progress.
So for any new music you may want to get, you're now forced into either purchasing a digital copy from a provider and burning copies yourself, or using a subscription service.
Eventually it becomes too cumbersome to manage your music in two places, so you reduce to one, and stop using your physical discs assuming you found replicas in your subscription.
But, to be honest, I've never had so much access to unknown artists' works for so cheap before. I can build whole playlists of very specific types of music and pay effectively less per month than one CD used to cost me 20 years ago for that one song I liked.
So I, for one, welcome our subscription overlords.
Re: Spotify opens on NYSE, valuing company at almost $30B
#277I do love Spotify as a product, however I don't think it will scale the same way Netflix does. Spotify is at the mercy of major record labels, and as their books become more transparent the record labels will squeeze every dollar they can for licensing. That is, unless they find a way to upend the record industry entirely. Spotify has a unique position with their amazing discovery/recommendations engine- they could p…
I agree they should sign exclusive deals with artists which would give them leverage in their negotiations with the record labels with an eye on the long-term hope of breaking that reliance on them. They won't be able to get into concert tickets at the present time in any significant way due to the exclusive agreements between Ticketmaster and venues. Though maybe the could start with some smaller acts and venues and…
I’m just as amazed by that this problem has yet to get solved today as I was 15 years ago.
Re: Spotify opens on NYSE, valuing company at almost $30B
#278Earlier quoted context omitted.
Bandcamp lets me download lists of people who've bought my music and of people who follow my profile. This is because they understand the business is mine , and they're simply a service provider for that business. Even their subscription system runs right through the musician's own Stripe account, so you can always take your subscriptions elsewhere. I don't have any reason to trust that a VC-fueled monster like Spoti…
Apologies if I come across as harsh but as a consumer, I would prefer my consumption activities to remain as private as possible. In light of FB news, I don't think even some Options > Privacy Settings on Bandcamp would be sufficient since most people wouldn't do it. I hope Bandcamp is opt-in for this info.
Re: Spotify opens on NYSE, valuing company at almost $30B
#279I do love Spotify as a product, however I don't think it will scale the same way Netflix does. Spotify is at the mercy of major record labels, and as their books become more transparent the record labels will squeeze every dollar they can for licensing. That is, unless they find a way to upend the record industry entirely. Spotify has a unique position with their amazing discovery/recommendations engine- they could p…
Soon enough Spotify will become the record label. All a record label does is, produce, promote and distribute. It's an antiquated model.
For indies that have fewer requirements, there's lots of cheaper options such as TuneCore, DistroKid, and CD baby as well.
Re: Spotify opens on NYSE, valuing company at almost $30B
#280I'm not quite clear on why people are choosing spotify over google play music - to me the google option is superior in UI and offerings (including ad-free youtube). Am I missing something? Is it just one runs better on iPhones or is more hip (like why people choose snapchat over instagram or something)?
In the same light, Spotify is incentivized to crush the music app space. They need the best UI, the best discovery experiences, etc... whereas Google’s product is like the rich family that funds their son’s strange lifestyle business: It can live or die and the world keeps spinning. They do not need to innovate or be better... and they really aren’t.
My wife used Spotify before we met. My sister uses it. My step mom uses it. All my buddies use it. I can count dozens of people around me that use it. It’s almost becoming a verb now: “Spotify it”. On the contrary, I only know one or two diehard google fanboys who use their music product.
So I guess at the end of the day.. to answer your question, yes you’re missing something!