Spotify Technology S.A. Services | Broadcasting - Radio | USA Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with over 150 million total listeners. The firm monetizes its users through both a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 90% and 10% of Spotify’s 2017 total revenue, respectively.
Spotify begins trading today in the New York Stock Exchange in a direct listing rather than an initial public offering. The New York Stock Exchange has set a reference price for the music streaming service's stock at $132 per share.
Not surprised. Don't know why anyone would throw they're money away at that valuation. It's not like it's an early-stage growth company. All buyers are doing is allowing the previous private investors to lock in their return.
By investing in more services and tools for artists, Spotify may attract artists away from record labels and toward independent distribution, which may allow Spotify to pay lower royalties over time. Spotify has to compete with Apple, Google and Amazon, these companies are larger than Spotify, and they can put more resources into music streaming offers. However, Spotify is popular among young people. This may help it to increase the market share in the coming years.
Right now, I think it's crazy that Spotify is 1/5 the valuation of Netflix considering how popular streaming TV is right now, especially in relation to music. Personally, there's no way that I spend 12 minutes seeking out new music for every 1 hour I seek out new TV/movies. The cool thing is that music is such a down-in-the-dumps medium right now. Anyway, here's an article about the growing revenues from streaming. Just cementing that physical ownership is over. http://www.bbc.com/news/entertainment-arts-43877494 Streaming services like Spotify and Apple Music have become the biggest contributor to the music industry's coffers for the first time ever. In total, streaming generated $7.1bn (£5bn) in 2017, more than sales of CDs and vinyl. The number of people subscribing to a streaming service topped 176 million, up from 112 million a year before. The boom helped record labels chalk up a third consecutive year of growth, after 15 years of decline. According to the IFPI, which represents the global music industry, the music market was worth $17.3bn (£12.4bn) last year, up from $15.7bn the year before. However, it noted, this is only two-thirds of what the industry made at the peak of the CD era in 1999. However, Europe recorded the lowest growth of any major music market last year - up 4.3% compared to 17.5% in Latin America and 12.8% in the US. One of the fastest-growing territories is China - which saw revenues grow by 35% last year, making it the tenth-biggest music market last year. The industry is hopeful that tapping into previously-underserved markets like China, India, Africa and the Middle East will help sustain its recovery. The industry's other great hope is voice-activated technology. Research shows that smart speakers are predominantly used to play music, while the technology could soon transform the way we play music in our cars. "They are trying to accommodate local, colloquial speech as well as accents. From what I understand, in Australia, they introduced to the word 'Aca-Daca' to one of the services so people could listen to AC/DC."
One of the things Spotify is trying to do to add value to streaming music. http://www.bbc.com/news/entertainment-arts-43730960 You may have found yourself laughing as you scroll through the facts that pop up while you're listening to music on Spotify. And you're not the only one - social media has lit up with thousands of users sharing their favourite Behind the Lyrics discoveries. The service, by New York media company Genius, provides facts, lyrics and anecdotes about thousands of songs on the streaming service. Genius team members have loved the anecdotes going viral, telling the BBC it's "so much fun to see that people enjoy them".
Give this one some time. "The Wall Street Journal cites people familiar with both companies in reporting that Apple Music’s growth rate for U.S. subscribers has risen to 5 percent, outpacing Spotify’s 2 percent, which, if it continues, would lead Apple to overtake the Swedish service this summer." - https://www.stereogum.com/1981662/apple-music-reportedly-on-pace-to-overtake-spotify-in-us/news/ Also Spotify is the subject of a $1.6B lawsuit (http://money.cnn.com/2018/01/03/technology/spotify-lawsuit-wixen-songs/index.html). Not worried about whatever way the lawsuit ends up. But I think Spotify will be lacking in the kind of great news that really drives a stock price up, for some months.
Have on radar - er 2/6 & old news but is coming at some point >> "...Spotify (SPOT) is preparing to launch in India by the end of January, Variety reported citing people familiar with the company’s plans. While the exact date that Spotify will make its debut in India remains a closely guarded secret for now, the company is making preparations for its India launch..." https://marketrealist.com/2019/01/h...h?utm_source=yahoo&utm_medium=feed&yptr=yahoo
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