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![]() “If they can figure that out, they would be an extremely powerful company. “It’s like a new way of doing what a music label does,” Davidson said. If it were to succeed, however, it could greatly reduce the company’s licensing fees and bring in new subscribers on top of that. It might even give the music streamer more negotiating power with the established labels, allowing it to get a discount on licensing fees. Whether Spotify can create a similar model remains to be seen. The company’s stock is currently worth $318 a share. This has done well not only for its subscriber numbers, but its stock as well. Netflix recently revealed a plan to spend $8 billion on 700 new forms of content this year. ![]() The television streaming service shows no signs of slowing down either. A big part of this growth can be attributed to the popularity of its original programming, such as Stranger Things. “So if Spotify can end up finding more artists than the whole of the music industry, that would be quite amazing.”ĭespite the fact that major media companies, most prominently Disney, are abandoning Netflix’s platform to start their own, the company has seen better-than-expected subscriber growth in both the U.S. “Netflix is now creating more content than all of Hollywood,” Davidson told Business Insider. It would cost Spotify a lot of money, but Davidson believes Netflix has shown that such a model is workable. This could allow Spotify to reduce its dependence on the music industry by finding new artists, or striking up deals with existing ones. ![]() But one insider suggests that Spotify may be able to earn a profit by entering the record label business in the same way that Netflix is producing original shows and movies.ĭuncan Davidson, a general partner at Bullpen Capital, suggests that Spotify could break free from the music industry by operating its own record label. In Japan people of all ages read it and does not target younger audiences like american comics. This is mostly due to the high licensing fees charged by the music industry. Manga is the Japanese comics with a story line and style. ![]() ![]() During its IPO, the streaming service said it generated $4.99 billion in revenue in 2017, but still posted a loss of $1.5 billion. Fitbit Versa 3ĭespite having more than 70 million subscribers and at least 140 million active users, Spotify isn’t profitable. ![]()
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