revenues are expected to more than double, to about $659 million from 2017 to 2020.’ Musicality

And Spotify is now investing heavily in podcasting, a nascent business whose U.S. ‘Investors love Spotify because it checks so many boxes: a fast-growing, youth-focused, cloud-operated, subscription-based music streaming service with a visionary founder. Spotify’s relevance is backed by investors, Barron’s magazine recently compared Spotify to Netflix, saying it could become the Netflix of audio. Spotify for consumers – what’s not to love The Spotify group is now the world’s largest streaming service with continual impressive growth figures quarter by quarter. The music industry isn’t changing anytime soon, meaning Spotify’s technology is sticking around. If the proceeds from the updated pricing end up going towards strange and pointless hardware products such as the Car Thing (real name), Spotify can expect an even greater backlash.Hit the right note for student recruitment.Įvery swipe, search, skip, and shuffle tells us a story about your audience. YouTube Music and Apple Music can expect an influx of new customers in the coming months if Twitter is anything to go by.Īccording to Spotify, the price hike is so it can 'continue to bring you new content and features.' What's more telling, however, is that the company is set to report a significant downturn in new subscribers.

It's also feared that increased subscription costs will push users back towards the dark old days of rampant piracy. Subscribers are naturally pretty upset by the news, with many questioning whether this will mean an increase in earnings for artists.

Individual - $139,00 ➡️ $199,00 (+$60,00)Įuropean pricing may also vary slightly between individual European markets, and The Verge was told that similar increases would happen in Asia and South America, though specific countries weren't mentioned.

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