Apple Music gang continues winning

We win

there's a strong argument that streaming has irreversibly damaged overall music quality, so even we lost.

i'd say the only winners, like always, are those in the C suite

Temporary layoffs, good times

their Q4 earnings release is in about a month. layoffs are unfortunately pretty common at the end of the year, especially before earnings. my guess is theyre trying to have 2 positive quarters in a row, which im not sure theyve ever had

they spend a ton of money on podcasts and trying things that don’t make any money

in took an interview for another company while i was on the clock today

i mean it’s better than having to buy music separately than get it as a package imagine dropping 10 bucks on an album in physical media first time hearing it and having it be mid

spotify invested money on developing this and a bunch of podcasts nobody cares about

I don’t have to imagine because I’m old and did it a ton growing up. Except albums were more like $16. Difference was, artists put more time and effort into their albums back then, so it was less risky

yall niggas getting it in over here!

Nobody said u have to. Youtube and pirating coexisted with cd sales for a long time and things were fine

if world came back to piracy or $20 albums music would lowkey be better idec if i sound crazy

Music lovers may be the biggest losers.

i couldn't believe it when i got an email about this

or this f***ing AI DJ

AI DJ hard ngl my homie was using it and it cooked a fire playlist lol

Boss s*** fr

It's simple. Spotify pays out two thirds of their total revenue to the major labels for licensing alone... Off the top. Obviously there'd be no Spotify without those music catalogs so they have no choice but to bend over and get f***ed. The business model isn't sustainable as we're clearly seeing.

The biggest common sense play for this licensing cost issue would be for Spotify to take the Netflix route and go heavy on original content/music... To start their own label and sign their own acts, then blow them up right? Well... They can't. Their licensing contracts with the major labels prohibit this. It's language in the contracts. This is why Spotify tried going in so much with podcasting. But they failed miserably and completely misused that spending budget. They went heavy on the celeb podcast route (the Obamas, Kim K, etc) and they all flopped.

I think the major labels' plan all along has been to purposely sink Spotify, force them to sell, then buy it together. It wouldn't make sense for just one major label to outright buy it for the same licensing reason I mentioned earlier. They'd happily go in on this buy together, collectively gain a third more profit off the top, probably raise prices more and more over time, and be able to even pay artists more per stream and look like heroes at the end of the day. It's genius tbh.

thanks bro. i woke up one day laid off from a previous company when there was no indication i was getting fired. meanwhile behind the scenes they were plotting on my downfall even though i always was good to them and worked overtime unasked. ill always do my work to the best of my ability but ill also look out for myself and always do whatevers best for me and take whatever opportunities i can on company time so after work i can keep my personal time for hobbies and loved ones

facts, not that it’s the only thing but their poor financial decisions were definitely a contributing factor

Prince Harry and Meghan finessed them out of $20 million for a measly 12 episode podcast nobody cared about

I kind of doubt that apple music is profitable tbh

It’s probably not. For Apple it doesn’t need to be though, same with Amazon and Amazon Music. That’s the major difference. These music services are side dishes for them, not the main meal like it is for Spotify. They’re essentially billboards for their companies to get new customers into their overall product & subscription ecosystem.

Apple’s main objective is selling their Apple One subscription which is a crazy value bundle, and Amazon’s is Amazon Prime.