Music streamer Spotify hits 100 million users with 30 million paying for service
posted by Alan F. / Jun 20, 2016, 5:30 PM
At last count back in April, Apple Music reported that it had 13 million subscribers. Unlike Spotify, Apple does not offer a free tier of service backed by ads. Instead, Apple gives first time users a free three month trial before they have to start paying for a subscription. A month of Apple Music is $9.99 ($4.99 for students). Families with up to six members can sign up for $14.99.
Because 80% of all money coming into Spotify gets paid out as royalties to artists, labels and producers, the company has yet to earn a profit since its launch in 2006. Last year it reported an operating loss of $209 million, up from the $186.8 million operating loss it reported in 2014. As if Spotify needs more competition, Amazon recently announced that it will start a similar music streaming service that will be priced competitively.
source: Reuters (via Venture Beat)
Posts: 7493; Member since: Feb 17, 2016
No wonder you can't turn a profit....70% percent of your users don't pay for anything! What did they think was gonna happen when you offer free listening tiers and don't get exclusives like the competition? Spotify....you don't have anyway to generate sales outside of streaming music....SO DON'T OFFER IT FREE.
posted on Jun 20, 2016, 5:34 PM 0
Posts: 32; Member since: Jun 19, 2016
Samsung's Milk has over 500 million subscribers worldwide. It is the premiere music streaming service because Samsung took it over whipped it into shape. Samsung is the best, they can make anything great. People ask me, who is the best? And I tell them, "it's Samsung." These people are my friends, they're my very good friends. One of my best friends is Choi Gee-sung, believe it.
posted on Jun 20, 2016, 6:01 PM 0
Posts: 202; Member since: Apr 01, 2015
Are you the same Techie or a fraud???
posted on Jun 20, 2016, 6:36 PM 0
Posts: 404; Member since: Jun 25, 2011
In my country Spotify Premium it's $4 for a family plan (up to 5 members). For that price, I can't find any cons.
posted on Jun 20, 2016, 6:24 PM 0
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