ฝัง
- เผยแพร่เมื่อ 4 เม.ย. 2024
- Spotify is a $50B+ company, but they have never turned a profit. But why does Spotify keep losing money? The answer to this question becomes more clear when we take a deeper look at Spotify's business model. The current music streaming industry has become very competitive. Adding on to this is the fact that these services have to work with a very consolidated music recording industry, which is run by a powerful oligipoly of three companies. All these facts make it difficult for Spotify to turn a profit, despite the fact that the company has over 530 million active monthly users.
#spotify #spotifyeconomics #whyspotifykeepslosingmoney
No one in the right mind uses Amazon music
True
It’s horrible
1) already playing for prime, you need to pay more for the full featured music service
2) the UI isn’t great
My teacher does for some reason
Paying *
Incorrect i use it and pay for it
Finally TH-cam pushing quality videos instead of videos from big channels
Thank you for your support! I'm glad you enjoyed the video.
They push what you watch
I didnt know that this video is from small channel at all, just notice after reading this comment. Well done to the creator 🎉
@@minoo1160 no…
Recently I just started getting so many videos recommended from small channels too
Audio Quality : Apple music
Playlists : Spotify
Suggestion / Vast library : TH-cam music
Oh yeah auto suggesion is so good on yt music
i feel the same exact way! youtube has recommended me so many good songs ive never heard before while spotify keeps playing the same 15 songs ive heard before, it feels like Spotify keeps me in a bubble of the same songs. its hard to find new music in my favorite genre on Spotify, when i switched to youtube music, the variety was so beautiful to see and i actually have fun listening, the algorithm is 🤌🏼 chefs kiss
It's a shame that YT Music doesn't follow the same algorithms like regular YT. Especially when it comes to Balkan countries, you are listening to a croatian song and suddenly next one is albanian and one after it is russian, not even the same genre.
@@makalacc in my case apple music does this similar thing
@@makalacc For me its even better like this. I can listen to anything
I can't understand how Spotify has created a business model where everyone feels as though they're losing out. Artists don't make enough money. Spotify doesn't make enough money. Users are bombarded with ads.
its human nature.. nothing will ever be enough to anyone after a point
I think you raise a very interesting point. While I personally think that paying users get value from Spotify (I'd rather pay Spotify's monthly subscription fee than pay to download each song), some of these tech-based disruptors seem to have created a system in which everyone involved loses. This is perhaps best exemplified with the food-based delivery apps.
These apps are not profitable, their delivery workers (contractors) do not have full employment benefits and are not paid very well, and fees are constantly increasing, lowering the customer's value.
It's an industry I will be making a video on to go into more detail.
You know damn well where the money is going. Taylor Swift needs a 3rd private jet, Drake needs a second mega yacht and I can PROMISE YOU the big 3 record labels are making bank too.
@@iQuackTaylor Swift has been vocal about how little she gets from Spotify and iirc she pulled all her music from Spotify once over it
@@razrv3lc damn that’s crazy coming from a literal billionaire…
Spotify should really pay her more idk how she can afford to eat!
Spotify’s new algorithm sucks. It used to allow you to discover new songs and artists daily, but now it loops over the same 10 or so songs constantly.
I thought I was the only one who noticed this
Even when you try going to a song radio it will keep showing the same songs over and over
Literally like i love mitski but i don't think liquid smooth belongs in a playlist based on something stupid by frank sinatra 💀
@@sophiaglover1875 I feel like they generate radios based on what other people who listen to that specific song also listen to instead of the actual genre. it usually works fine, but if that specific song is used in a popular media platform like TikTok or as a soundtrack for a movie, it distorts the result significantly
I've noticed this for a while as well. I think they are pushing certain 'chosen' artist and podcasts to be seen and popularized.
Yep. If you don't pay, this might happen..
This video is proof why competition is important. Music streaming is probably the only subscription service where consumers feel they get value for their money. Take the middleman companies out of the equation and there’s planet of money for the artists to make money and not feel screwed and the consumer gets value for what they pay for. The streamers and the labels have just placed themselves at glorified middlemen and artists can’t get paid their worth because of it
It’s the free market though, especially nowadays you don’t need records or labels to get on Spotify or whatnot. Artists think that they will get more negotiating power and more growth potential by partnering with these companies. He mentioned this in the start of the video when he said Spotify couldn’t afford any of them pulling their catalogs.
120 usd per year without owning a single song? Where the value for consumers would be exactly?
@@chemicalfrankie1030120 usd per year vs buying the digital copies of whatever songs you’ll enjoy over the rest of your lifetime
What’s weird about this is that a more competitive market (music streaming) ends up actually hurting more than helping. Spotify doesnt stand a chance because amazon and apple are willing to take a loss.
@@chemicalfrankie1030 different people value different things. The people who listen to music the most don’t have $10 to spend for every new album that comes out so they will settle paying $10 for an all you can eat buffet.
What I don't understand is how despite their business only focusing on music, they still don't offer hi-fi plans like Apple or Amazon. Could even be the answer to that price increase they've been chasing for a while.
That's a really interesting point. Although Spotify mentioned plans of introducing HiFi lossless streaming back in 2021, it seems like these plans have vanished.
I think Spotify has not prioritised this feature simply because a majority of its users are just casual listeners who would simply not notice this difference. So Spotify's thinking might be something along the lines of why focus on this when we have more urgent matters to deal with.
Although, as you mentioned, there is a chance that this new feature might be included in a new high-end subscription tier that it's rumoured the company is looking to introduce.
that would just add to the expenses lol
@@MBA-Maventhe issue with a higher price for lossless is that competitors offer lossless at the base price.
@@MBA-Maven The only issue is that Apple doesn't charge anything extra for Hi-Fi/lossless.
@@MBA-Maventhe issue was that Apple and Amazon included it for free so Spotify couldn’t justify charging for it
My only real gripe with Spotify, as a long time premium member, is the insane lack of a true shuffle. I'm led to believe that this is also an issue on other platforms, but if you have a sufficiently big playlist, you'll soon learn that shuffle is NOT random. It tries to be cute. It tried to play adjacent music in sequence. However, I LIKE a true random shuffle. I want to hear Black Sabbath and then Prince. Not Black Sabbath, and then Dio (who was in Black Sabbath), and then Ozzy solo, and then Heaven & Hell, all of which have a singular tether. For years it's done this, and it is insane to me. Nobody asked for it so....why??
Isn't smart shuffle solves the problem?
if you’re on PC then i’d suggest looking into spicetify. i’ve been using for around a year now and the number of features that are added is crazy - including a smart shuffle
true shuffle* not smart shuffle
The reason is simple and known. If Spotify and others create a true random shuffle, which they initially did, they get angry users. People forget that in a random shuffle in a list the change of playing the same song twice or close together is high. Just like the change some songs not being played are high. Or to get multiple similar songs or multiple with very different tempos
So Spotify and the other services all adjusted their shuffles to act like what most perceive as random. But every number in the list gets played, not close together, similar styles etc etc. For most users this flawed random with all its tricks feels more random.
And yes many people asked for it.
@@bzuidgeest That is so fucking dumb
i’ve had Spotify premium for years and tried apple music thinking it was going to be smoother with my iPhone. I’m so used to Spotify and found Apple music annoying, confusing i just didn’t like it.
Dude I feel like same way about Spotify it’s so icky to me
And Apple Music is so much better for your iPhone 😭
Yesss it’s so much easier! Plus i travel a lot so I need to (forced to) change my app store country/region frequently. every time i do that, my entire apple music catalogue is deleted with absolutely no way to recover any of it.
I then reinstalled spotify, which I’d used last in middle school, and I found all my playlists exactly as they were, completely untouched and unchanged. Never going back to apple music even if they offer to pay me.
I have a fold 5 and use apple music lol it's just better in my opinion. TH-cam music is just a joke and Spotify isjust so odd to me lol
I know Apple Music algorithm is much better than Spotify but I hate their playlists.
1:09 This graph is incredibly misleading. Should be to scale
Seriously that is one of the worst graphs I’ve ever seen
It is not confusing at all if you understand what net loss is. Everything is fine with the scale
@@foggy_oi4No its just a bad scale, stop trying to be different.
@@foggy_oi4Clown comment of the day
True!
IDK how it is in other markets, but in the country I live, Spotify ads are basically (and almost uniquely) promoting you to buy a Premium membership. Meaning they're completely missing out on ad-revenue in at least some territories. Maybe this could make up for some of their losses, although I doubt it will completely make up for it.
That means advertisers in your country know it’s not worth the Spotify (probably inflated) asking price to place an ad.
Mexico?
@@kaidanalenko5222 Dominican Republic
Good video from a small channel
ai
Glad you enjoyed it!
No, none of our videos are AI generated. Meaning that all our content is 100% authentic and human generated.
keep cooking, looking forward to smaller companies topics too on top of the big ones
Thank you! I had to focus on large companies first to help me build an audience (as more well known companies tend to attract more viewers). But videos on smaller companies are definitely coming!
TH-cam music is the only one anyone needs. It comes with no freaking ads on youtube. Hard to beat that.
EXACTLY!!!
To get no ads on TH-cam you have to buy TH-cam premium which is 14 dollars a month.
@@NitroCorrupted For real? In my country is 8 dollars a month
3,99 USD in my country 😆
@@NitroCorrupted yes but if you really want to use youtube music, u need to get youtube premium. Else the app is really useless.
Currently, Spotify don't have a set "pay per stream" rate. Instead, it varies greatly depending on whether or not the Spotify user is Free or Premium, which region they're listening from (different regions have different payment modes on Spotify), when it's being streamed (payment also varies on Spotify from day to day) and a variety of additional factors. For example, a Free stream pays much less than a Premium stream. Also, the same person streaming the same track multiple times is worth much less than if different Spotify users stream the same song the same amount of times. If you want to calculate an avarage taking into account all of information, it is around 0,0009 USD per stream.
That sounds bad, but really isn't. It costs nothing to distribute the sound and there is so much of it, one artist more or less hardly matters. Even swift left for a while and then came back, Spotify didn't suffer, there was so much else.
Artists should learn their stuff has lost its value outside live performances. We even have Ai now that creates new hit songs. Artists should get jobs. Maybe an AI will replace me at some point, you can't stop progress. Sound is easy.
@@bzuidgeest no, she came back because she got exactly what she wanted.
"artists should get jobs"
drunk uncle is at it again.
I switched to TH-cam music simply because I already subscribed to TH-cam premium. It’s just far more cost effective for so much more than just music :)
I did the same because I pay for TH-cam premium. Do you find that TH-cam music doesn't stream as well? I hate when I'm on a run and YT music starts buffering. Never had that issue with Spotify. And yes, I keep yt music on audio only and run where there is plenty of cell service 🤷♂️
@@dannyschwertner7785 I never have streaming issues. But I do hate YT Music’s queue system. Anytime I start playing something and add a song to queue it adds it at the back of like 100 songs. There is no play next feature that I can find. That’s my one complaint with the app
@@dannyschwertner7785it is possible to download the songs and acoid this issue
I always used YT music, becouse i dont want to pay for music, and spotify without premium is worse that trash. YT music is SOOOO much better without paying. Its only giving me a few adds, which im honestly fine with, but spotify? Oh yeah, i could make a whole list:
1. Adds (ok)
2. 5 skips per day (like wut??)
3. Shuffling isnt free (and i cant even skip a song more that 5 times???)
4. When you try to listen to an album or song by searching it, it instead gives you a completely random song (WHY THIS IS PROBABLY THE WORST ONE)
5. Probably something i forgot
I'm a long time Spotify user and I confess it was a good experience using YT Premium (no YT ads and YT Music). The Pro with YT Music is that you can find music that are not published on a Spotify, because someone's posted on TH-cam and you can listen just the audio of that video. The cons of YT Music for me it was hard to find podcasts to listen. And other cons is integration with other services, like Alexa, or even Android. I can use Spotify Music as my alarm clock.
This video's production quality is right up there with more established channels. Great work.
Glad you think so!
This video is a good view from the financial side of things, however I would continue to use Spotify even if it became more expensive than the other streaming services. I personally find that the algorithm can’t be matched and is always pushing me to discover new music and genres. Not to mention neat features like being able to control music from one device with another device or having group sessions where multiple people can add songs to a queue from their own phones. I tried Apple Music and it just felt clunky outdated and only wanted to push the most popular artists onto me instead of really trying to know what kind of music I like.
You like spotify's algorithm???? Before I switched to yt music (cant live without yt premium and music so its 2 for 1), I loathed spotify's algorithm, spotify was always recommending crap for me, also their not true random shuffle always playing the same 50 songs was infuriating too.
Being able to play any yt video as a song is super nice too for a guy who listents to a lot of osts not available in apple or spotify.
MY BROTHER IN CHRIST, YOU DESIGN THE ALGORITHM!
@@AtomicBooSame here but instead of ost, im big on edm so a lot of livesets on youtube can be listened on youtube music. plus the youtube music algorithm knows me a little too well 👏
Im glad im not the only who loathes Spotify's algorithm!! @AtomicBoo
@@AtomicBoo if you think the algorithm is bad it’s either because you don’t listen to enough music for it to really get going or you might not actually like expanding your music taste. TH-cam Music is a waste of time because anything that you can only find on TH-cam you can just make an MP3 file for free and then add it to local files to use on Spotify.
Spotify and Netflix should collaborate to create a bundle. To disrupt the marketplace.
Exactly
I currently have a bundle where I get Hulu included with my Spotify subscription for the 10.99 a month.
This is why people should use Spotify and pay more for it. Don’t let the big Bois kill the competition
Great video. The main thing separating Spotify from the others is branding. The other companies are better known for other things.
Spotify’s algorithm is untouchable
Don't necessarily agree. For some reason, Spotify seems to want to push some of my least favorite songs from my favorite artists on me. And then it seems to think that because I didn't skip them, I want to hear them over and over.
nope. had spotify for 3 months, and it still didn’t learn my music taste, it took apple music around 3 *days* to learn what i like.
@@dennisd9554i agree with this. It will recommend a song and then think that because it recommended it to me, that I like that song and keep playing it. Pandora is the best imo
This all depends on your music taste lol. Historically, Spotify is the the algo King. That could soon end
@@dennisd9554 same. i've grown increasingly frustrated with their algorithm lately. if i happen to listen to a song more than once a particular day because i was enjoying it, they'll keep putting it in all my personalized playlists. then i get tired of it really quickly and it ruins it for me for a while.
I change from Apple Music to Tidal, for me tidal music discovery and new music suggestions are top notch. Quality is also very good too.
I use the free version of Spotify while i drive honestly i enjoy the ads as it reminds me of the radio days
I really enjoyed this video, it’s nice to get recommendations from smaller channels that have quality videos. Keep it up! I subscribed
Want a break from the ads?
Spotify isn’t meant to be used freely, you can’t blame if you didn’t pay
atleast spotify provides free tier unlike its competitior.
The thing about option 3, that I feel like was a bit understated here, is the fact that spotify‘s dependency on other people‘s music makes the business unscalable. If they gain more costumers they will still have to pay the same percentage of royalties. Their overall profit margin wouldn‘t increase. Even if their original podcast aren‘t “as profitable as they had hoped“, original content is kind of the only way they could increase their income
New users would all have to stream the exact same songs to make your comment true. If there is one new user that is mostly subscribed for podcasts they’re probably in the profit vs a Taylor swift diehard
@@Deamon383 Yeah, but unless the podcast is a spotify exclusive/original you could still listen to it somewhere else. So really the only way for them to be profitable is by creating USPs which they don’t really have at the moment
@@KaiayaRulesthe hell are USPs, you can't just type that and not expand on it
@@mkw5398 Well, it's not an uncommon abbreviation. But sure, I can elaborate; my bad.😅❤
A USP is a unique selling point, sometimes also called a unique selling proposition. In essence, it's what makes your product or service stand out from its competition.
The more saturated a market, the more important these become.
Very informative and thank you so much. It's quite an effort to pull these many information and data. But another possibility to consider would be to increase the charges for the companies who are putting up Ads in-between the songs because of its high reach.
Thought I was looking a big channel until seeing you had a thousand subs.
Keep the good work c:
Thank you! Will get there one day.
Great video, good luck with growing the channel
Thanks, I appreciate it!
There are definite differences in the catalogs available for streaming as well as audio quality between the popular platforms. Do they all have access to the largest music distributors' libraries? They seem to, but definitely not all the mid to low level labels and artists make all of their music available on every platform. Calling the services identical is simply false. Even some large artists will have the odd EP or single not show up on one service. It seems like Amazon has the worst library overall.
It is relatively homogeneous compared to other markets these days.
Can't be worse than Tidal. I swear. Every week another song or two in my collection get greyed out and made unavailable.
Might just go back to buying CDs and downloading music....
Literally the only thing stopping me from leaving Spotify is their song recommendation, which has been very on point and had introduced me to some of my favorite artists. But if they're not releasing HiFi in another two months, I'm ditching it.
I’ve been with Apple Music since the beginning, but tried out Spotify when they had Joe Rogan exclusive and thought about moving over just to have it all in one app. But the more I used the podcast part it would forget where I left off in one and restart it and it did this on multiple occasions. I don’t use the apps to discover music other than “similar artist” suggestions so I’m fine with Apple Music and Apple had radio stations from other countries and I’ve searched Spotify and they don’t have that, so Apple wins on that front as well. Now with Rogan not being an exclusive, I’ve switched all my podcast to Apple podcast now and don’t really use Spotify for anything.
apple sheep, spotify and yt music are clearly superior, you just won't admit how sheepish you are
amazing video! thank you for breaking this business down.
You are welcome! I'm glad you enjoyed the video.
i use yt music because i can remix/edit music and i can listen to it on the yt music app automatically in Spotify i have to upload them and i see people say the same phrase "put this on spotify please" when its already on youtube music
True! I started using TH-cam music instead of Spotify because of its bigger playlist
YT Music is the best. It has everything.
Spotify's music discovery algorithm is still superior tho.
@@Y-zf7tfya but the shuffle problem with Spotify turned me off it completely
@@Y-zf7tfI’d argue TH-cam Music has a far superior discovery algorithm. Spotify is good but nothing wow.
@@Y-zf7tf As in they just keep putting the same set of songs over and over
@@Y-zf7tf 3 years ago - maybe. But not today.
Mixes of the day has the same stack of songs for YEARS. Maybe its better to find smth new in a fathomless world of songs?
If I use "don't like the song" button Spotify gonna keep it in a ✨Mix of the Day✨ so this song gone be in a queue so u hear it again after some time.
Very bad and its sad
what about siriusxm?
This is a great video to show different economics principles.
I didn't even notice that the video was done by a small channel, well done!!
easily my favourite channel of this genre, glad i’ve been here to see you grow!
Woah, I am so happy to hear that! Thank you so much for your support!
Spotify is still popular
Good video but you forgot about music sound quality across streaming services, which is an important factor to consider.
Such and interesting and very detailed video, I’m subscribing 👍🏻
This video is just wrong. Spotify has reported a profit the last three quarters, and they are probably going to report their first yearly profit for 2024. Given that they also raised prices by 10% in a number of markets, it is almost guaranteed that they will end the year with a profit.
Also you forgot to mention something that is super relevant for Spotify, for most of the company’s live they have received tons of money injections from the 3 big music distributors, they basically own Spotify and would have kept injecting money as long as needed, for one simple reason, if you have control of the mean of distribution you are the one making the most profit, and Spotify is the biggest mean of distribution. Spotify has more users than all of the other music streaming services combined.
You are wrong!
@@imtiyazahmed3357 Sure, prove me that I’m wrong then. I can prove you that I am right.
TH-cam premium is THE ONE for me. I watch youtube a lot (entertainment, education etc.), so I'm saving tons of time I'd waste on ads. More to this, I get to use youtube music also. Amazing stuff.
Incredible video! Finally another indie TH-camr, I'm a b1 in English and I understand everything!
really cool video. But maybe try a smother change of the topics so it doesn't come as abruptly
As to the topic itself. I think the change of the streaming service is not so easy as it got suggested. The only real possibility is paying a little fee to service that transfers it to another service as I believe that many many people do have a lot of songs.
this was very interesting
I would still use spotify if it were to double its price. The value i get on it would still be amazing. Ive built up a library so big on spotify that i’d be devastated to lose it, i would actually start buying physical albums.
You can migrate it pretty easily actually! There are tools dedicated for that :) I was a paid spotify user from 2009 to 2022... ALL my music was on there... But I couldn't stand them funding alt right podcasts, so I left for a similar service and I've honestly been fine :)
Plus Spotify doesn’t truly have a library in the way that Apple Music does. I moved from Apple Music to Spotify and that’s one of the things I miss the most. The OS integration as well.
@@denvertitus235 i feel like spotify’s algorithm is really good at showing me new music that i would like. Many songs and artists i otherwise would not have found if looking for music on my own . I’ve had friends switch from Apple to Spotify and say the same. But theres pros and cons to each
if you love your library so much, id HIGHLY recommend backing it up somehow, even if its just a huge bunch of screenshots
@@randomcow505 i thought about this. I’ll have to make a list. My library is close to 1500 songs. A lil bit
May this guy forever provide such amazing content
I use both
I’ll just say the pros
Spotify can be used remotely, we have a family business and I can control the music from anywhere.
Spotify since it’s more popular among users, the playlist sharing is awesome!
Apple Music’s sound quality is amazing!
Apple Music’s sing along feature is amazing for karaoke!
Apple Music has music videos too
Apple Music can be used under one user, on several devices at the time (I have a family plan)
Been using Spotify since 2014, switched to Apple in 2021, never looked back since.
merge with netflix
Two sinking ships combined does not make for a seaworthy vessel
Lol both will go Bankrupt by next year if that happens
@@BusterDarcy I'm not a netflix simp but netflix is actually thriving now. Emphasis on the NOW.
No! Repeat after me "Mergers are bad!" We don't need more big corporations like Amazon and Apple. We the oposite break them up into their parts so we can have competition again.
More likely get bought by disney
Do we know which category of users, premium or ad-based, generate more money for Spotify?
Commenting for the algorithm. Great video!
Thanks for the support, I highly appreciate it!
LPT: you can make multiple youtube channels, each curated for different things you are interested in. Like tech, video games, music (or even different genres of music), etc.
Why on earth did anyone ever let three companies take over an entire industry? That’s ridiculous
You're kidding right? Most industries in the world are like this 😂
Its not that they "let" it happen. Its competitive and they did what they had to do to get to the top
The natural trend of capitalism is monopoly.
@@ferrreira
It's not capitalism it's distribution. If youtube existed in 1940s during radio or 1990s during the birth of CDs it would've never happened.
@@jmanakajosh9354 But it didn't. And this applies not only to music services. ALL business types trend towards monopoly in capitalism.
I use Apple Music as I’m in the Apple ecosystem system - works perfectly 🎉
I think the other thing is that the competition doesn’t offer a free model.
Then theres issues like how people feel that Spotify pays less to artists or the new T&C written up for audiobooks where they want to own all rights to books put on here.
As for say them not bringing HiFi Lossless while many currently might not use it that could be a big feature to bring people to them.
Personally I’ve been buying CDs which is why I used iTunes then Apple Music just works best with keeping all my music in one place. (I have Apple One)
I think there’s certainly a change in society where a growing number of people are wanting to own physical again because they don’t like the price hikes and media especially older stuff being placed behind a paywall.
I enjoyed your analysis though good video
Spotify is dreadful for people that want to discover new music based on what they like. It's breadth of choice cannot compete with youtube that merely needed to adapt its algorithm to music only.
I disagree , me personally i find that Spotify has been great with showing me new music. Way more so than Apple music
@@tamepurseYup, AM is only good for lossless music.
Looks like Spotify is ripe for acquisition, it would certainly add value among bundled services companies such a Microsoft offer.
My dad tried to start a music streaming company to break the current model and create a win-win for the customer and musician but it failed because he couldn't get enough big musicians and record labels to get on board (partly because his new model kinda defeats the purpose of the label companies, making them unnecessary and useless in his new business model)
The only thing going for Spotify are the network effects with the biggest user base in music streaming.
I use YT music :)
Red flag
same, it has the most music and if you have yt premium why would you pay for Spotify premium to
@@bradleymarr7311 Brain rot
@@bradleymarr7311 ?
@@Brrrrr18⬆️⬆️exaxtly!! 💯
More people need to realize this!
Opted TH-cam music over Spotify the best music service ever Audio quality is more better than Spotify
did I miss something? TH-cam has the worst audio compression out of all streaming services
I don't get it why it was never brought up the idea of simply enforcing the pay to listen to music, their Freemium model is the #1 reason why they're not profitable, even if it results in a high loss of users those who are already embedded would likely switch to premium and the costs would instantly sink while the profits would rose.
Or if you argue they can't do that they can limit it more so you can't just select songs and just be stuck with shuffle on playlists or albums
I really don't see what is Spotify waiting for to simply remove the "free" tier, the ad revenue is not a fraction of their paid revenue and they know this
Only reason I pay for Spotify is because of the multi device connectivity it offers, also I hate the YT music UI. And Apple Music just makes me feel more limited to the apple ecosystem which I’m not a big fan of (I use both android and ios)
Spotify is up 126% this year, they are by no means failing
Record revenue too. This same channel would've made a video on Uber a few years back, saying it's a broken business and will never be profitable. Lo and behold. Uber turns a profit of 1.43B.
Who would've guessed a revolutionary business model and idea takes the approach to get as many customers as possible, as quickly as possible, operating on a loss, then rises prices and profits!! thats unheard of. lol.
@@Charlie43348problem is Spotify has more powerful competition that can hold their prices indefinitely
Spotify has earned over 1 billion in profit this quarter. I've personally had a 100% stock gain after buying Spotify in 2022, benefitting from videos full of "conventional wisdom" like this one.
What changed about their business model to cause such a huge flip?
Nevermind I see that they finally made a profit, but it's definitely no where near a billion. I have no idea where you got that figure from, maybe you're getting it confused with revenue?
@@hamzerpanzer q1 2024 gross profit - i've seen the broader playbook often over the last 20 years, with a big tech company seemingly "structurally unprofitable" but growing quickly. Later they're able to monetize properly and grow into their size by making relatively moderate tweaks.
I’ve tried Spotify a couple times but always come back to Apple Music. I like shuffling all my songs from albums I save. I can’t seem to find a way to do that on Spotify.
Fantastic analysis 👍
If they're not making a profit, then how is that they still exist?
Investors who hope to make a return on their investment when Spotify eventually becomes profitable. It’s actually quite common for tech companies to exist without making a profit.
X is a prime example. Twitter was and still to my knowledge isn’t profitable.
Learn Business my guy
@@Mahlak_Mriuani_Anatman Not for me, thanks.
You are so uneducated about this. You keep talking about how they all offer the same service but that’s far from accurate. TH-cam music has millions more songs than Spotify does. Spotify is missing so many it’s insane.
🤓
@@jossshhhy have fun listening to Taylor Swift and Drake forever lmao
@@SneakyCaleb ahh yes the only two main stream artists, of course I listen to them on repeat 24 hours a day. Have fun listening to no copyright sounds 🤡
When I like about Apple Music is that I can edit song properties on my computer and upload my own music and even combine them or add it to albums
i am finding yt music and apple music’s UI/UX less encouraging to use after getting used to spotify for years. I really hope spotify can hang around as many days as possible 🙏
feels like bullshit tbh
That is unfortunate to hear. Why did you not like the video?
Because it's wordy
@@TheUnknownCatWarrior imo this was a great video
i liked the video
@@TheUnknownCatWarriorit's a video that contains information and does exactly what it's supposed to. feel like TikTok has removed your ability to concentrate on anything longer than 15 seconds that contains actual detailed information.
good video your channel is underrated
Do you think you could make a more in depth video that compares Spotify, YTB music, Amazon music, etc. ? Because I honestly don't know which is better for me. Just an idea I have, would love to see it done by you! ❤
honestly this is really how it gose
apple music:
-sound quality
-better user experience
-and it easy to use with other apple products
spotify:
-ai is insane
-bigger catalog
-and its a more social platform
youtube music:
-it included with youtube premium....
amzon:
-dont do it... trust
i have usde all of these platforms except amzon. i am personally a apple music fan
I had Spotify for a long time now after my TH-cam Music Subscription ended
And I've been thinking if I should get Spotify premium and thinking about it twice, I'm not gonna get it, I've gotten too used to ads like a radio
Awesome video!!!!
Banger vid!!!
The solution would be get more music record labels on the market. Make it more competitive and lower the prices that way.
Can you do a video about IT outsourcing and how this market changed since the 80s? Use Tata as example 😊. Thank you 🙏
They recently required paying to view lyrics. I’m not doing anything to support them anymore 💀
Really good video btw thanks ❤
I was a spotify user until I got hooked with yt, decided to switch to yt premium coz it includes yt music, this is a major win for me since I always use yt on my tablet also i can share my subscription with other family members
Great video!
The quality of audio that we get from apple music is unbeatable 🎧🔥
Good review for my AP Microeconomics exam next week😂
one issue i have with spotify is peaople upload there music to it in 528hz or 432hz but spoitify automaticaly converts all music to 440hz. and most dont realize it dose that.
Awesome video
Amazing video!
Mate your content looks like TH-camrs with millions subs. Cheers for future. Brotha
4:52 eh they have almost the same content especially in the main stream but once u dive deeper you might notice differences in catalogues . I’m a huge future Fan and have noticed some of his mixtapes with esco aren’t on Apple Music. But then some streaming sites have more cluttered catalogs imo Spotify is decent like it has more records than apple Music but it feels less organized
The only way I see is if Microsoft buys Spotify, as they do not have territory in the music landscape, but could bundle it with their products
I love this video! Why does Spotify loses money? Because its expenses higher then income! Great, thanks :)
It could be at least 3 times shorter if not describing obvious
What these companies need to understand is music streaming is so much more about user experience than it is about offering songs and playlists. Spotify kind of understands this but needs to be doing more. It needs to be more aggressive about how it analyzes songs and suggests new ones for you. It needs to create a stronger profile of its users data. Like whether you tend to listen to heavier / higher energy music, or calmer music... Indie or more popular styles, and more. If it could manage this then I think they would fully stomp out all of their competitors. We need more tools to shape our listening experience both at our disposal and working in the background.
It could operate on a business model similar to Facebook in that artists could "advertise" their songs such that Spotify would recommend them to people they think would highly like them and share them. This would increase artist listen time, user time spent using their app, and overall customer satisfaction.
This is why its so much more important than just making a service that can play songs and make playlists. You need this data mining of users to create the ultimate streaming app.
great video, well written script
Amazing video 🎉
I’m using Spotify since 2016, so i can’t imagine switching to other app