I hope they add lyrics again. They ended their partnership with musixmatch a few months ago and haven't offered an alternative yet.
Spotify have reached 40M paying subscribers
11–20 of 78 posts
Re: Spotify have reached 40M paying subscribers
#12Spotify has achieved what no normal entity could. Go them for having a relatively decent free to play with, I'm assuming, a good pay to play model as well.
In Canada, one of the major wireless providers offers Spotify premium accounts bundled in with mid and high tier data lines (i.e. 2 years of Spotify premium "for free"). So I wonder what other providers around the world do this, and how many of the 40mm are part of this group.
Re: Spotify have reached 40M paying subscribers
#13So that's like ~$400M of income per month? Their expenses are mostly royalties and those are probably spare change compared to that income. Not bad!
>So that's like ~$400M of income per month?
Friendly fyi... if we're talking about a company's financials instead of a human's salary, the precise term would be "revenue" instead of "income". Income would be revenue minus costs. Spotify doesn't have any positive income.[1]
>Their expenses are mostly royalties and those are probably spare change compared to that income.
No, it's not "spare change". In fact, the unfavorable licensing terms[2] to the record labels (58% payment) are preventing Spotify from turning a profit. (Keep in mind that so far, Spotify has never turned a profit.)
They also took on $1 billion in new debt with exploding terms[3] which pressures them towards an IPO. A bad timing of the IPO wouldn't help them at all.
I don't see how the financial numbers work in favor of Spotify. It looks like the only companies that can afford to stream music would be Amazon/Apple/Google.
Digital music streaming is a brutal business and all 3 major streaming companies Spotify/Pandora/Rhapsody have been losing money for years.[4] It's now 2016 and nobody has found a way to make profits. Their subscriber growth numbers keep making the headlines so people mistakenly assume those companies are financially successful when they're not.
[1]http://www.statista.com/statistics/244990/spotifys-revenue-a...
[2]http://www.musicbusinessworldwide.com/spotify-contract-three...
[3]http://www.fool.com/investing/2016/06/17/will-spotify-have-a...
Re: Spotify have reached 40M paying subscribers
#14I hope they add lyrics again. They ended their partnership with musixmatch a few months ago and haven't offered an alternative yet.
They had Spotify apps, the two most popular were lyrics apps. Then they removed the apps and added lyrics inside Spotify, and now there is no more lyrics at all.
Obviously that's a very demanded feature so they must have a strong reason not to have it anymore (legal issues probably).
I personally used it all the times for improvised karaokes so I'm very upset to not have lyrics on demand anymore.
Re: Spotify have reached 40M paying subscribers
#15So that's like ~$400M of income per month? Their expenses are mostly royalties and those are probably spare change compared to that income. Not bad!
Here it is 5.99 EUR (~6.8 USD) / month. So, based on that price, it should be like ~$270M.
Also, you can have a family subscription for 6 people for 8.99 EUR (~10.1 USD). I wonder, if such subscriptions are counted as one, or for every member separately.
Re: Spotify have reached 40M paying subscribers
#16How many of these were gained via discount promotions?
Re: Spotify have reached 40M paying subscribers
#17I hope they add lyrics again. They ended their partnership with musixmatch a few months ago and haven't offered an alternative yet.
They had Spotify apps, the two most popular were lyrics apps. Then they removed the apps and added lyrics inside Spotify, and now there is no more lyrics at all. Obviously that's a very demanded feature so they must have a strong reason not to have it anymore (legal issues probably). I personally used it all the times for improvised karaokes so I'm very upset to not have lyrics on demand anymore.
They still have Behind the Lyrics for some songs on the mobile app, which shows a mix of lyrics and info about the song and artist.
Re: Spotify have reached 40M paying subscribers
#18So that's like ~$400M of income per month? Their expenses are mostly royalties and those are probably spare change compared to that income. Not bad!
Here it is 5.99 EUR (~6.8 USD) / month. So, based on that price, it should be like ~$270M. Also, you can have a family subscription for 6 people for 8.99 EUR (~10.1 USD). I wonder, if such subscriptions are counted as one, or for every member separately.
Where is that? EU wide? In the UK its £9.99 which I've always found too expensive compared to services like Netflix, NowTV, Amazon Video etc. Personally I feel the price point should be around £5 or less, otherwise I can buy an album every other month on iTunes and own it forever, so for me at least this price point doesn't work.
Re: Spotify have reached 40M paying subscribers
#19I'm happy their subscriber counts are up, but I've noticed a steep negative trend their library selection in the last month. I poked around a bit for more info. All I could find were complaints that they don't publish this information anymore. Does anyone know how to see if my anectdote is a trend? Perhaps they lost some contracts with major labels, or perhaps there is a way to probe their search API to estimate thei…
I have noticed this as well. I actually cancelled my subscription and will continue using Google's service which has more of the music I listen to available in the US.
Re: Spotify have reached 40M paying subscribers
#20Earlier quoted context omitted.
Here it is 5.99 EUR (~6.8 USD) / month. So, based on that price, it should be like ~$270M. Also, you can have a family subscription for 6 people for 8.99 EUR (~10.1 USD). I wonder, if such subscriptions are counted as one, or for every member separately.
Where is that? EU wide? In the UK its £9.99 which I've always found too expensive compared to services like Netflix, NowTV, Amazon Video etc. Personally I feel the price point should be around £5 or less, otherwise I can buy an album every other month on iTunes and own it forever, so for me at least this price point doesn't work.
It is in Czech Republic, but I see now, that you can change the country in the footer and you will see different pricing.