![]() ![]() Not clear if the bubble in some parts of the stock market has popped or is just suffering a minor contraction, but the past two days have seen extensive selloffs in many former high flyers, from bitcoin to Tesla. #Spotify plans podcast payments downloadCurrent plans slow download speeds to a crawl after 50GB on T-Mobile and even lower thresholds at other carriers. Customers on the new plan can use as much 4G and 5G phone data as they'd like. Remember when an unlimited phone plan meant your phone plan was unlimited? T-Mobile moved to recreate a truly unlimited plan on Monday with its new "Magenta Max" plan starting at $85 a month for one line. Meanwhile, Microsoft is backing publishers in Europe demanding similar rights to charge Facebook and Google for links to news stories in that region. The social network agreed to allow users to post links to Australian news outlets once again and lawmakers tweaked their proposal which forces Facebook to negotiate payments to news outlets for those links. With Amazon, Apple, Google and others battling Spotify for podcasting supremacy, it’s probably a good thing for Ek that Clubhouse has remained so limited-at least for now. “It’s a really interesting format from a creation perspective, but I suspect that from the consumption perspective, most of the time consumed will still be on-demand which is what Spotify is known for today,” Ek said. He pointed out one overlooked reason why it may not challenge podcasts as much as some fear: Clubhouse shows run live and can’t be played on demand. In an interview with The Verge after the event, Ek addressed the threat from a newer, buzzy startup, the audio chat platform Clubhouse. The company also explained a new podcast ad sales effort called the Spotify Audience Network and a coming option for podcast producers to create premium podcasts (with Spotify likely taking a cut of the subscription sales). ![]() Revenue comes from attracting more subscribers and from advertising inserted into its shows.Īt Monday’s event, Spotify highlighted some of its most promising new podcasts, including programming developed with DC Comics and a new show with Barack Obama and Bruce Springsteen called Renegades: Born in the USA. Spotify pays nothing at all to carry most podcasts, which are produced elsewhere, and generally pays only the fixed costs of production for its in-house podcast programming. Podcasting works on a very different business model than music streaming. Still investors are bullish that Ek can find a way to reduce the music rights expenses and find new revenue from avenues like podcasting-Spotify’s stock has more than doubled over the past year. ![]() So even as Spotify’s revenue has grown from $6.4 billion in 2018 to $8.2 billion in 2019 to $9.6 billion last year, its net loss has increased even faster, hitting $706 million last year, seven-times higher than in 2018. One challenge from being in the music-streaming business is that customers pay a set subscription fee but the streaming service must pay music rights owners based on the amount of listening. Spotify’s bottom line could use some help from podcasting. They also debuted a new higher-quality (and presumably higher priced) music-streaming option called Spotify HiFi. Ek and his team announced an expansion into 85 new countries, unveiled new promotional tools for music artists and labels, and spent plenty of time promoting the podcasting push. So there was a lot riding on Spotify’s strategy and product presentation on Monday, dubbed Stream On. And Google, as noted in yesterday’s essay, flopped with phones and disappointed with home automation gear. Intel has tried to buy its way into security, embedded systems, and A.I. IBM built up its Watson Health unit through M&A but is now looking to spin it off. It doesn’t always equal a successful new business. ![]() Any big tech company can target a new market and make a splash with expensive acquisitions. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |