Spotify got the music business chattering last year when it announced that it was enabling artists to upload their music direct to the platform. This decision has now been reversed.
Spotify has disrupted the music business in many, and amassed influence to the point where 'Spotify' is shorthand for streaming itself. If that's not enough change, the way in which Spotify and other streaming platforms pay artists has fundamentally altered how some musicians are structuring their songs.
As investors have predicted, Spotify is betting on becoming the Netflix of audio — for better or for worse.
Just as the music industry gets comfortable with playlists as a marketing and revenue generation tool, come words of caution from the analysts at MIDiA. A playlist ‘hit’ often does not do much to help long-term artist brand building, they say, and then there are the challenges and opportunities caused by surging interest in podcasts.
What their new direct upload features means for you and the music business.
Spotify’s acquisitions of Gimlet and Anchor signal ambitious plans to disintermediate the music industry.
This image keeps getting shared around, and it’s a really incomplete picture of a complicated system.
Late last year the headlines were that Apple Music was gaining on Spotify. Spotify is now widening its lead.
Daniel Ek, Spotify’s chief executive, predicted that around 20 percent of all Spotify listening would eventually involve something other than music.
For the first time in the company’s history, operating income, net income, and free cash flow were all positive.