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Spotify opens on NYSE, valuing company at almost $30B

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Re: Spotify opens on NYSE, valuing company at almost $30B

#431

Post by psergeant »

redorb wrote: post #205
_zachs wrote: post #168

Earlier quoted context omitted.

Starting their own label is exactly what they need to do to remain competitive. It's exactly what Netflix ended up doing and I think it's turning out pretty well for them. I wouldn't be surprised if Spotify tried poaching higher-level strategy people from Netflix.

I don't feel we're at the point of saying 'it's turning out well' for Netflix. For sure on the awards side of things and quality shows etc... but haven't they raised billions upon billions in debt to make these shows? Their execution on doing their own content has been great. However the long term value of these movies / shows still has to prove out in profits at some point.

I’ve never heard anyone talk about Hulu and Chill

Re: Spotify opens on NYSE, valuing company at almost $30B

#432

Post by wyclif »

shocks wrote: post #340
synaesthesisx wrote: post #56

Earlier quoted context omitted.

Personalized playlists, artist radios etc. The point is you don't have to sift because they do it for you.

Sort of, but not really. In reality a lot of the streaming contracts with record labels dictate that they must promote certain artists more than others. Spotify playlists and Browse are very bias. My Spotify 'home page' shows me mostly popular/mainstream stuff that I never listen to. :)

Social playlists are where it's at. Expect Spotify to further leverage social and friend features.

Re: Spotify opens on NYSE, valuing company at almost $30B

#433

Post by bpicolo »

zjaffee wrote: post #333
bpicolo wrote: post #169

Earlier quoted context omitted.

Blue Apron and Stitch Fix aren't selling software/hardware as a customer-facing value proposition, so they're definitively not tech. You definitely have to draw the line, or else every big company in existence is a tech company. Banks hire thousands of software devs.

Is E-commerce tech? Amazon has built out a ton of technology to scale their fulfillment operations and wouldn't be the company they are without it. We are getting closer to the day where every company is a tech company. Marketing requires tech to do what is very complicated bidding and A/B testing. Most companies involved in sales are using CRM to understand how to better reach customers. This list goes on and on, as…

That’s the point. Using tech isn’t what makes you a tech company, and never has been. Banks, airlines have been running cobol and what have you for ages.

When your product is software/hardware, then you’re a tech company.

Re: Spotify opens on NYSE, valuing company at almost $30B

#434

Post by madshiva »

bogomipz wrote: post #222
_zachs wrote: post #168

Earlier quoted context omitted.

Starting their own label is exactly what they need to do to remain competitive. It's exactly what Netflix ended up doing and I think it's turning out pretty well for them. I wouldn't be surprised if Spotify tried poaching higher-level strategy people from Netflix.

>"Starting their own label is exactly what they need to do to remain competitive. It's exactly what Netflix ended up doing and I think it's turning out pretty well for them." This seems to be a common refrain that Spotify can just "pull a Netflix." And this is very unlikely. Firstly no matter how much opriginal content they could create, if they don't have back catalog it's going to be a total non-starter for the mai…

Whoua, if you like this type of music you should run your own streaming server (like I do .. you know subsonic) ... no ways young people will really listen to this. I listen streaming to discover news artists, songs, not for listening the same songs over and over. (PS: I had listening Beatles for so long time that now I don't want to hear any of their song, same apply with a lof of artists). I just can't stay listening the same things.

It's why too I don't like Spotify, new artists are too mainstream. I want "poor" artists, new challenger, not already know artists.

Re: Spotify opens on NYSE, valuing company at almost $30B

#435

Post by madshiva »

foepys wrote: post #36
synaesthesisx wrote: post #27

I 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…

Netflix could be in the same position. With Disney launching their own streaming services next year, the situation could get dire for Netflix, too, if Netflix' own productions don't take off as much as they want.

Don't care about Disney, if Disney do this fine. Nobody should watch these animation movie, and especially kids.

If one day I had a Kid, I would block them from watching this shit.

Re: Spotify opens on NYSE, valuing company at almost $30B

#436

Post by dingaling »

bogomipz wrote: post #372
jsjohnst wrote: post #366

Earlier quoted context omitted.

And you don’t think those folks weren’t streaming because they were heavily pushed towards it? First 48hrs is completely irrelevant, I want to see sustained numbers. I’m not saying the later numbers don’t show them leading still, I’m just saying your choice of facts doesn’t support the argument you are making.

>"And you don’t think those folks weren’t streaming because they were heavily pushed towards it?" It's very bizarre that you don't understand the magnitude of the The Beatles. They are not something that requires a push. So here's some number regarding the first 3 months of their catalog being available on Spotify: "24 Million Hours Of Beatles Music Has Been Played In Their First 100 Days On Spotify The company revea…

> It's very bizarre that you don't understand the magnitude of the The Beatles

I don't find it bizarre at all.

They are basically unplayed on UK broadcast radio nowadays and indeed for the past 30 years. I don't know if that is due to restrictive licensing or just lack of interest.

I am mid-40s and have never knowingly listened to an entire Beatles song. I've just asked my wife and she has never owned one of their CDs.

I don't know if they're even on YouTube. Edit: yes, their most popular song has 123 million views versus 3.2 billion for Gangnam Style.

My only peers who seem interested in the group and seek-out their music are musicians themselves.

Re: Spotify opens on NYSE, valuing company at almost $30B

#437

Post by kolbe »

SirLJ wrote: post #254
kolbe wrote: post #244

Earlier quoted context omitted.

There is no IPO price. This is not an IPO.

Precisely... How much down did it close at the end?

There is no "down" because there was no IPO price to begin with. price_change = current_price - previous_price. There was no made up IPO price on Monday, so there was no made up level to defend.

The only previous price we had was the last private round. And I think the close was about 60% higher than their last funding round.

Re: Spotify opens on NYSE, valuing company at almost $30B

#438

Post by cwaffler »

_zachs wrote: post #168
synaesthesisx wrote: post #27

I 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…

Starting their own label is exactly what they need to do to remain competitive. It's exactly what Netflix ended up doing and I think it's turning out pretty well for them. I wouldn't be surprised if Spotify tried poaching higher-level strategy people from Netflix.

If they start a label, I would hope that it doesn't try to compete with smaller record labels. It should compete with the big dogs and help out smaller ones similar to bandcamp. Idea: bandcamp + spotify...

Re: Spotify opens on NYSE, valuing company at almost $30B

#439

Post by creaghpatr »

headmelted wrote: post #299
mseebach wrote: post #288

Earlier quoted context omitted.

Why the assumption that "to pull a Netflix", they will have to get rid of the back catalogue? Netflix has plenty of third-party content. I would assume that Spotify's music licences are highly variable cost, ie almost entirely pay-per-stream. All they need to do is to get people to stream less licenced content and more own-produced.

.. unless the music labels object to the conflict of interest. Spotify has a lot of competitors biting at it's heels, they're certainly the largest (and IMHO, best) at what they do, but they've by no means locked up the market. They're not exactly at the mercy of the labels, but they probably can't afford to piss them off either.

The labels themselves are large shareholders in Spotify, so they would have to balance the monetization of their own artists with Spotify's label artists.

This could lead to cartel-like behavior among the stakeholder labels and crowd out the smaller players, but that's basically been happening in the industry for a long time so I'm not sure how big the impact would be.

Re: Spotify opens on NYSE, valuing company at almost $30B

#440

Post by creaghpatr »

dannyw wrote: post #378
bogomipz wrote: post #222

Earlier quoted context omitted.

>"Starting their own label is exactly what they need to do to remain competitive. It's exactly what Netflix ended up doing and I think it's turning out pretty well for them." This seems to be a common refrain that Spotify can just "pull a Netflix." And this is very unlikely. Firstly no matter how much opriginal content they could create, if they don't have back catalog it's going to be a total non-starter for the mai…

Why do you think Spotify has to ditch every other label when they start a new label? I think you're overblowing the power of music labels. Indie and emerging artists aren't going to sign with a label if it means their music isn't available on Spotify, the #1 streaming service. Music labels may have modestly more leverage, but it is not impossible for Spotify to start their own label while also maintaining relationshi…

Inversely, Spotify can buy super-low on fast-growing artists because they can juice the distribution channels for that artist.
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