Understanding The Broken Business of Spotify
HTML-код
- Опубликовано: 22 ноя 2024
- Spotify is a $50B+ company, but they have never turned a profit. But why does Spotify keep losing money? The answer to this question becomes more clear when we take a deeper look at Spotify's business model. The current music streaming industry has become very competitive. Adding on to this is the fact that these services have to work with a very consolidated music recording industry, which is run by a powerful oligipoly of three companies. All these facts make it difficult for Spotify to turn a profit, despite the fact that the company has over 530 million active monthly users.
#spotify #spotifyeconomics #whyspotifykeepslosingmoney
![Coheed and Cambria - Searching for Tomorrow [Official Video]](http://i.ytimg.com/vi/hDsYGLbmadg/mqdefault.jpg)
No one in the right mind uses Amazon music
True
It’s horrible
1) already playing for prime, you need to pay more for the full featured music service
2) the UI isn’t great
My teacher does for some reason
Paying *
Incorrect i use it and pay for it
Audio Quality : Apple music
Playlists : Spotify
Suggestion / Vast library : RUclips music
Oh yeah auto suggesion is so good on yt music
i feel the same exact way! youtube has recommended me so many good songs ive never heard before while spotify keeps playing the same 15 songs ive heard before, it feels like Spotify keeps me in a bubble of the same songs. its hard to find new music in my favorite genre on Spotify, when i switched to youtube music, the variety was so beautiful to see and i actually have fun listening, the algorithm is 🤌🏼 chefs kiss
It's a shame that YT Music doesn't follow the same algorithms like regular YT. Especially when it comes to Balkan countries, you are listening to a croatian song and suddenly next one is albanian and one after it is russian, not even the same genre.
@@makalacc in my case apple music does this similar thing
Apple might actually become the best at all of these categories very soon.
There’s absolutely no question that Apple is going to really lean into AI with their upcoming OS releases, they’ve pretty much confirmed it.
One of the rumors around what they’re planning to do, specifically, is adding better playlists and personalized suggestions to Apple Music, powered by a more sophisticated AI. If that’s true, then they’ll absolutely destroy Spotify and RUclips Music, in those aspects.
I can't understand how Spotify has created a business model where everyone feels as though they're losing out. Artists don't make enough money. Spotify doesn't make enough money. Users are bombarded with ads.
its human nature.. nothing will ever be enough to anyone after a point
I think you raise a very interesting point. While I personally think that paying users get value from Spotify (I'd rather pay Spotify's monthly subscription fee than pay to download each song), some of these tech-based disruptors seem to have created a system in which everyone involved loses. This is perhaps best exemplified with the food-based delivery apps.
These apps are not profitable, their delivery workers (contractors) do not have full employment benefits and are not paid very well, and fees are constantly increasing, lowering the customer's value.
It's an industry I will be making a video on to go into more detail.
You know damn well where the money is going. Taylor Swift needs a 3rd private jet, Drake needs a second mega yacht and I can PROMISE YOU the big 3 record labels are making bank too.
@@iQuackTaylor Swift has been vocal about how little she gets from Spotify and iirc she pulled all her music from Spotify once over it
@@razrv3lc damn that’s crazy coming from a literal billionaire…
Spotify should really pay her more idk how she can afford to eat!
Spotify’s new algorithm sucks. It used to allow you to discover new songs and artists daily, but now it loops over the same 10 or so songs constantly.
I thought I was the only one who noticed this
Even when you try going to a song radio it will keep showing the same songs over and over
Literally like i love mitski but i don't think liquid smooth belongs in a playlist based on something stupid by frank sinatra 💀
@@sophiaglover1875 I feel like they generate radios based on what other people who listen to that specific song also listen to instead of the actual genre. it usually works fine, but if that specific song is used in a popular media platform like TikTok or as a soundtrack for a movie, it distorts the result significantly
I've noticed this for a while as well. I think they are pushing certain 'chosen' artist and podcasts to be seen and popularized.
Yep. If you don't pay, this might happen..
Finally RUclips pushing quality videos instead of videos from big channels
Thank you for your support! I'm glad you enjoyed the video.
They push what you watch
I didnt know that this video is from small channel at all, just notice after reading this comment. Well done to the creator 🎉
@@minoo1160 no…
Recently I just started getting so many videos recommended from small channels too
i’ve had Spotify premium for years and tried apple music thinking it was going to be smoother with my iPhone. I’m so used to Spotify and found Apple music annoying, confusing i just didn’t like it.
Dude I feel like same way about Spotify it’s so icky to me
And Apple Music is so much better for your iPhone 😭
Yesss it’s so much easier! Plus i travel a lot so I need to (forced to) change my app store country/region frequently. every time i do that, my entire apple music catalogue is deleted with absolutely no way to recover any of it.
I then reinstalled spotify, which I’d used last in middle school, and I found all my playlists exactly as they were, completely untouched and unchanged. Never going back to apple music even if they offer to pay me.
I have a fold 5 and use apple music lol it's just better in my opinion. RUclips music is just a joke and Spotify isjust so odd to me lol
I know Apple Music algorithm is much better than Spotify but I hate their playlists.
This video is proof why competition is important. Music streaming is probably the only subscription service where consumers feel they get value for their money. Take the middleman companies out of the equation and there’s planet of money for the artists to make money and not feel screwed and the consumer gets value for what they pay for. The streamers and the labels have just placed themselves at glorified middlemen and artists can’t get paid their worth because of it
It’s the free market though, especially nowadays you don’t need records or labels to get on Spotify or whatnot. Artists think that they will get more negotiating power and more growth potential by partnering with these companies. He mentioned this in the start of the video when he said Spotify couldn’t afford any of them pulling their catalogs.
120 usd per year without owning a single song? Where the value for consumers would be exactly?
@@chemicalfrankie1030120 usd per year vs buying the digital copies of whatever songs you’ll enjoy over the rest of your lifetime
What’s weird about this is that a more competitive market (music streaming) ends up actually hurting more than helping. Spotify doesnt stand a chance because amazon and apple are willing to take a loss.
@@chemicalfrankie1030 different people value different things. The people who listen to music the most don’t have $10 to spend for every new album that comes out so they will settle paying $10 for an all you can eat buffet.
My only real gripe with Spotify, as a long time premium member, is the insane lack of a true shuffle. I'm led to believe that this is also an issue on other platforms, but if you have a sufficiently big playlist, you'll soon learn that shuffle is NOT random. It tries to be cute. It tried to play adjacent music in sequence. However, I LIKE a true random shuffle. I want to hear Black Sabbath and then Prince. Not Black Sabbath, and then Dio (who was in Black Sabbath), and then Ozzy solo, and then Heaven & Hell, all of which have a singular tether. For years it's done this, and it is insane to me. Nobody asked for it so....why??
Isn't smart shuffle solves the problem?
if you’re on PC then i’d suggest looking into spicetify. i’ve been using for around a year now and the number of features that are added is crazy - including a smart shuffle
true shuffle* not smart shuffle
The reason is simple and known. If Spotify and others create a true random shuffle, which they initially did, they get angry users. People forget that in a random shuffle in a list the change of playing the same song twice or close together is high. Just like the change some songs not being played are high. Or to get multiple similar songs or multiple with very different tempos
So Spotify and the other services all adjusted their shuffles to act like what most perceive as random. But every number in the list gets played, not close together, similar styles etc etc. For most users this flawed random with all its tricks feels more random.
And yes many people asked for it.
@@bzuidgeest That is so fucking dumb
Spotify and Netflix should collaborate to create a bundle. To disrupt the marketplace.
Exactly
I currently have a bundle where I get Hulu included with my Spotify subscription for the 10.99 a month.
True. They are the OGs, the world was a better place when only Spotify and Netflix existed.
this will probably never happen because spotify already has a bundle with hulu which is owned by disney/disney+, netflix’s rival
Yeah very disruptive, a discount on two of the largest streaming services! lol
What I don't understand is how despite their business only focusing on music, they still don't offer hi-fi plans like Apple or Amazon. Could even be the answer to that price increase they've been chasing for a while.
That's a really interesting point. Although Spotify mentioned plans of introducing HiFi lossless streaming back in 2021, it seems like these plans have vanished.
I think Spotify has not prioritised this feature simply because a majority of its users are just casual listeners who would simply not notice this difference. So Spotify's thinking might be something along the lines of why focus on this when we have more urgent matters to deal with.
Although, as you mentioned, there is a chance that this new feature might be included in a new high-end subscription tier that it's rumoured the company is looking to introduce.
that would just add to the expenses lol
@@MBA-Maventhe issue with a higher price for lossless is that competitors offer lossless at the base price.
@@MBA-Maven The only issue is that Apple doesn't charge anything extra for Hi-Fi/lossless.
@@MBA-Maventhe issue was that Apple and Amazon included it for free so Spotify couldn’t justify charging for it
IDK how it is in other markets, but in the country I live, Spotify ads are basically (and almost uniquely) promoting you to buy a Premium membership. Meaning they're completely missing out on ad-revenue in at least some territories. Maybe this could make up for some of their losses, although I doubt it will completely make up for it.
That means advertisers in your country know it’s not worth the Spotify (probably inflated) asking price to place an ad.
Mexico?
@@kaidanalenko5222 Dominican Republic
I use free plan and in my country I don't get any ads at all. I don't pay for subscription because of that, also because I don't use Spotify on mobile devices and because I think in my country the price is ridiculously high. Apple Music provides lossless for almost half of what Spotify is asking.
There not losing out on revenue promoting premium Spotify on their ad tier spotify is the very best place they can advertise. They know the person is into music and already using Spotify. I started using free Spotify and became a premium subscriber after listening to the ads and taking a 3 month trail for 99 cents.
Good video from a small channel
ai
Glad you enjoyed it!
No, none of our videos are AI generated. Meaning that all our content is 100% authentic and human generated.
keep cooking, looking forward to smaller companies topics too on top of the big ones
Thank you! I had to focus on large companies first to help me build an audience (as more well known companies tend to attract more viewers). But videos on smaller companies are definitely coming!
This video's production quality is right up there with more established channels. Great work.
Glad you think so!
I switched to RUclips music simply because I already subscribed to RUclips premium. It’s just far more cost effective for so much more than just music :)
I did the same because I pay for RUclips premium. Do you find that RUclips music doesn't stream as well? I hate when I'm on a run and YT music starts buffering. Never had that issue with Spotify. And yes, I keep yt music on audio only and run where there is plenty of cell service 🤷♂️
@@dannyschwertner7785 I never have streaming issues. But I do hate YT Music’s queue system. Anytime I start playing something and add a song to queue it adds it at the back of like 100 songs. There is no play next feature that I can find. That’s my one complaint with the app
@@dannyschwertner7785it is possible to download the songs and acoid this issue
I always used YT music, becouse i dont want to pay for music, and spotify without premium is worse that trash. YT music is SOOOO much better without paying. Its only giving me a few adds, which im honestly fine with, but spotify? Oh yeah, i could make a whole list:
1. Adds (ok)
2. 5 skips per day (like wut??)
3. Shuffling isnt free (and i cant even skip a song more that 5 times???)
4. When you try to listen to an album or song by searching it, it instead gives you a completely random song (WHY THIS IS PROBABLY THE WORST ONE)
5. Probably something i forgot
I'm a long time Spotify user and I confess it was a good experience using YT Premium (no YT ads and YT Music). The Pro with YT Music is that you can find music that are not published on a Spotify, because someone's posted on RUclips and you can listen just the audio of that video. The cons of YT Music for me it was hard to find podcasts to listen. And other cons is integration with other services, like Alexa, or even Android. I can use Spotify Music as my alarm clock.
1:09 This graph is incredibly misleading. Should be to scale
Seriously that is one of the worst graphs I’ve ever seen
It is not confusing at all if you understand what net loss is. Everything is fine with the scale
@@foggy_oi4No its just a bad scale, stop trying to be different.
@@foggy_oi4Clown comment of the day
True!
Main take away: when artists complain about streaming services, they really should be complaining about how little the big 3 music companies are paying them, not the streaming services. The big 3 are receiving billions each year and screwing the artists.
RUclips music is the only one anyone needs. It comes with no freaking ads on youtube. Hard to beat that.
EXACTLY!!!
To get no ads on RUclips you have to buy RUclips premium which is 14 dollars a month.
@@KellerCo For real? In my country is 8 dollars a month
3,99 USD in my country 😆
@@KellerCo yes but if you really want to use youtube music, u need to get youtube premium. Else the app is really useless.
Currently, Spotify don't have a set "pay per stream" rate. Instead, it varies greatly depending on whether or not the Spotify user is Free or Premium, which region they're listening from (different regions have different payment modes on Spotify), when it's being streamed (payment also varies on Spotify from day to day) and a variety of additional factors. For example, a Free stream pays much less than a Premium stream. Also, the same person streaming the same track multiple times is worth much less than if different Spotify users stream the same song the same amount of times. If you want to calculate an avarage taking into account all of information, it is around 0,0009 USD per stream.
That sounds bad, but really isn't. It costs nothing to distribute the sound and there is so much of it, one artist more or less hardly matters. Even swift left for a while and then came back, Spotify didn't suffer, there was so much else.
Artists should learn their stuff has lost its value outside live performances. We even have Ai now that creates new hit songs. Artists should get jobs. Maybe an AI will replace me at some point, you can't stop progress. Sound is easy.
@@bzuidgeest no, she came back because she got exactly what she wanted.
"artists should get jobs"
drunk uncle is at it again.
“artists should get jobs” LMAOOO being the artist is their job though? why do you think we need to pay for a CD, or pay for a concert ticket? also when you said “sound is easy” i really hope you’re talking about making sounds from your mouth. because, especially with sound engineering (done by a human), you must be proficient with so much and be strong with so many. it takes a long time to learn your craft, and to be competitive with others. it’s definitely not easy
@@starglaze- being an artist is a job, but like all jobs, if it doesn't pay enough you get a second/different job. You seem to think that just because someone calls him or herself an artist they should get paid? Let's just call all of us artists and then we have settled the universal basic income debate at the same time.
Society shouldn't have to pay for artists that can't support themselves by being an artist. Just like society doesn't support a bad carpenter or a bad plumber. There is nothing special about the job of being an artist. Nothing that gives you more rights than other jobs.
Also artists don't pay for most things you mention, their studio or publisher does.
If you want to be an artist and you are very lucky then maybe you can make it your primary job, otherwise you are out of luck. You'll have to find something else. Want to be a lawyer or a doctor, but don't have the smarts? You'll have to find something else. That's how it works.
i use to love spotify but my god they butchered it with their stupid updates like smart shuffle and playlists only playing the same 30 songs.
This video is a good view from the financial side of things, however I would continue to use Spotify even if it became more expensive than the other streaming services. I personally find that the algorithm can’t be matched and is always pushing me to discover new music and genres. Not to mention neat features like being able to control music from one device with another device or having group sessions where multiple people can add songs to a queue from their own phones. I tried Apple Music and it just felt clunky outdated and only wanted to push the most popular artists onto me instead of really trying to know what kind of music I like.
You like spotify's algorithm???? Before I switched to yt music (cant live without yt premium and music so its 2 for 1), I loathed spotify's algorithm, spotify was always recommending crap for me, also their not true random shuffle always playing the same 50 songs was infuriating too.
Being able to play any yt video as a song is super nice too for a guy who listents to a lot of osts not available in apple or spotify.
MY BROTHER IN CHRIST, YOU DESIGN THE ALGORITHM!
@@AtomicBooSame here but instead of ost, im big on edm so a lot of livesets on youtube can be listened on youtube music. plus the youtube music algorithm knows me a little too well 👏
Im glad im not the only who loathes Spotify's algorithm!! @AtomicBoo
@@AtomicBoo if you think the algorithm is bad it’s either because you don’t listen to enough music for it to really get going or you might not actually like expanding your music taste. RUclips Music is a waste of time because anything that you can only find on RUclips you can just make an MP3 file for free and then add it to local files to use on Spotify.
Literally the only thing stopping me from leaving Spotify is their song recommendation, which has been very on point and had introduced me to some of my favorite artists. But if they're not releasing HiFi in another two months, I'm ditching it.
Did you ditch it?
Funny how it works well for you. It never worked for me so I switched to Deezer a year ago. Their suggestions are top, and they also offer hi-fi
The thing about option 3, that I feel like was a bit understated here, is the fact that spotify‘s dependency on other people‘s music makes the business unscalable. If they gain more costumers they will still have to pay the same percentage of royalties. Their overall profit margin wouldn‘t increase. Even if their original podcast aren‘t “as profitable as they had hoped“, original content is kind of the only way they could increase their income
New users would all have to stream the exact same songs to make your comment true. If there is one new user that is mostly subscribed for podcasts they’re probably in the profit vs a Taylor swift diehard
@@Deamon383 Yeah, but unless the podcast is a spotify exclusive/original you could still listen to it somewhere else. So really the only way for them to be profitable is by creating USPs which they don’t really have at the moment
@mkw5398 Well, it's not an uncommon abbreviation. But sure, I can elaborate; my bad.😅❤
A USP is a unique selling point, sometimes also called a unique selling proposition. In essence, it's what makes your product or service stand out from its competition.
The more saturated a market, the more important these become.
Might just go back to buying CDs and downloading music....
RUclips premium is THE ONE for me. I watch youtube a lot (entertainment, education etc.), so I'm saving tons of time I'd waste on ads. More to this, I get to use youtube music also. Amazing stuff.
Great video. The main thing separating Spotify from the others is branding. The other companies are better known for other things.
0:03 dude got a nice taste of music playing 34+35 😂😂
I change from Apple Music to Tidal, for me tidal music discovery and new music suggestions are top notch. Quality is also very good too.
I’m joining Tidal as well, the quality is fantastic
Apple Music and Tidal absolutely demolish Spotify in terms of suggestions and music quality
Spotify is dreadful for people that want to discover new music based on what they like. It's breadth of choice cannot compete with youtube that merely needed to adapt its algorithm to music only.
I disagree , me personally i find that Spotify has been great with showing me new music. Way more so than Apple music
@@tamepurseYup, AM is only good for lossless music.
This 💯💯💯💯💯
I’ve been with Apple Music since the beginning, but tried out Spotify when they had Joe Rogan exclusive and thought about moving over just to have it all in one app. But the more I used the podcast part it would forget where I left off in one and restart it and it did this on multiple occasions. I don’t use the apps to discover music other than “similar artist” suggestions so I’m fine with Apple Music and Apple had radio stations from other countries and I’ve searched Spotify and they don’t have that, so Apple wins on that front as well. Now with Rogan not being an exclusive, I’ve switched all my podcast to Apple podcast now and don’t really use Spotify for anything.
I didn't even notice that the video was done by a small channel, well done!!
I was a spotify user until I got hooked with yt, decided to switch to yt premium coz it includes yt music, this is a major win for me since I always use yt on my tablet also i can share my subscription with other family members
Thought I was looking a big channel until seeing you had a thousand subs.
Keep the good work c:
Thank you! Will get there one day.
Want a break from the ads?
Spotify isn’t meant to be used freely, you can’t blame if you didn’t pay
atleast spotify provides free tier unlike its competitior.
RUclips Music is definitely my go to. I love the fact I can add songs to playlists that only exist via user upload on youtube. It means I can add some really specific indie covers to playlists and that is just a game changer to me
True! I started using RUclips music instead of Spotify because of its bigger playlist
amazing video! thank you for breaking this business down.
You are welcome! I'm glad you enjoyed the video.
Just got an email from Spotify today saying my Premium Family is going up in price... £17.99 to £19.99. Great video btw!
They like to blame it on “inflation” 😂
Spotify is already stupidly expensive.. it is already the same cost as RUclips premium, which includes both RUclips music and no ads on any platform on YT, background play without third party stuff
There are definite differences in the catalogs available for streaming as well as audio quality between the popular platforms. Do they all have access to the largest music distributors' libraries? They seem to, but definitely not all the mid to low level labels and artists make all of their music available on every platform. Calling the services identical is simply false. Even some large artists will have the odd EP or single not show up on one service. It seems like Amazon has the worst library overall.
It is relatively homogeneous compared to other markets these days.
Can't be worse than Tidal. I swear. Every week another song or two in my collection get greyed out and made unavailable.
I use the free version of Spotify while i drive honestly i enjoy the ads as it reminds me of the radio days
The days that are still here?
What.. just listen to the radio then. This comment makes no sense.
@@O-TomicI think you missed the point, with spotify you can pick your own songs, you can't do that on the radio.
You can always get the plus/no ads version for free...
You can always get the plus/no ads version for free...
The only way I see is if Microsoft buys Spotify, as they do not have territory in the music landscape, but could bundle it with their products
They recently required paying to view lyrics. I’m not doing anything to support them anymore 💀
Honestly, I believe YT music gives the biggest bank for the buck out of all the others. You get rid of ads not only on YT music, but also regular YT; you have probably the biggest library available (with remixes and niche songs and all that) and pretty good regional pricing (Apple music charges regular fees in several countries or prices way above the competition, only Amazon beats all in Argentina, but they're oferring it at a loss since they have fierce, really fierce local competitors).
Thank god for RUclips Premium! So MANY Songs, not only official, but really old ones, really unique songs, underground songs, new hobby artists and much much more!
I live on korea. I used spotify for a few years. (Premium. There is no ad supported version here). Loved it. I quit 6 months ago. Went over to youtube Premium for a couple extra bucks a month for no ads on youtube and ytm support. Ytm is ok. I liked spotifys ui much better. I cant justify spotify now tbough. I just wish youtube Premium had a family plan here. I would absolutely upgrade to that plan.
RUclips Music >>>>
Its basically the same Audio Quality as Spotify with way bigger library, without songs getting removed every now and then.
Apple Music is only better on Android, as Androids have LDAC and AptX support while iPhones have to be connected with wired headphones for hi-res audio.
Also it suffers from same issue as Spotify (LIBRARY).
Not to mention with RUclips Music, you also get ad-free RUclips Videos as well.
Other than transfering the playlist, I do not see a reason why people still use Spotify.
Like just shift to either Apple or RUclips Music.
i use yt music because i can remix/edit music and i can listen to it on the yt music app automatically in Spotify i have to upload them and i see people say the same phrase "put this on spotify please" when its already on youtube music
Only reason I pay for Spotify is because of the multi device connectivity it offers, also I hate the YT music UI. And Apple Music just makes me feel more limited to the apple ecosystem which I’m not a big fan of (I use both android and ios)
What Spotify did wrong was give non premium users unlimited control and then abruptly limit them when funds dried. Like not allowing them to seek through the song or read the lyrics tends to irritate the userbase. Ig the last straw was the feature where they added random songs to the users playlists. This caused a drop in users who would've gladly listened to the ads for uninterrupted playtime. Now they have a lesser audience to advertise to.
This is why people should use Spotify and pay more for it. Don’t let the big Bois kill the competition
Spotify has gone downhill over the last several years. They did it to themselves.
I stopped using Spotify years ago. Really happy with Apple Music. Easy to create playlists and smooth UI. Not to mention the hi res audio.
YT Music is the best. It has everything.
Spotify's music discovery algorithm is still superior tho.
@@Y-zf7tfya but the shuffle problem with Spotify turned me off it completely
@@Y-zf7tfI’d argue RUclips Music has a far superior discovery algorithm. Spotify is good but nothing wow.
@@Y-zf7tf As in they just keep putting the same set of songs over and over
@@Y-zf7tf 3 years ago - maybe. But not today.
Mixes of the day has the same stack of songs for YEARS. Maybe its better to find smth new in a fathomless world of songs?
If I use "don't like the song" button Spotify gonna keep it in a ✨Mix of the Day✨ so this song gone be in a queue so u hear it again after some time.
Very bad and its sad
This is such a well put together video, I couldn’t believe the sub count. Keep it up, you earned a new fan.
You know whats really annoying about Spotify is they take down good songs sometimes but RUclips music has unlimited music ❤
Nope same thing happens on both, it's annoying☠️
Nothing can beat youtube music. You can literally find any kind of music like beat, instrumental, rap beat etc.
easily my favourite channel of this genre, glad i’ve been here to see you grow!
Woah, I am so happy to hear that! Thank you so much for your support!
Incredible video! Finally another indie RUclipsr, I'm a b1 in English and I understand everything!
In India Spotify Charge $0.8 USD (Student Plan) and $1.5 USD for Their Premium Plan.
Too Cheap right?
yeah but the median income is also 10x lower than western countries
For spotify having a strong market presence in India despite losing money is more important for when India's economy eventually explodes and avg income sky rockets.
really cool video. But maybe try a smother change of the topics so it doesn't come as abruptly
As to the topic itself. I think the change of the streaming service is not so easy as it got suggested. The only real possibility is paying a little fee to service that transfers it to another service as I believe that many many people do have a lot of songs.
I use both
I’ll just say the pros
Spotify can be used remotely, we have a family business and I can control the music from anywhere.
Spotify since it’s more popular among users, the playlist sharing is awesome!
Apple Music’s sound quality is amazing!
Apple Music’s sing along feature is amazing for karaoke!
Apple Music has music videos too
Apple Music can be used under one user, on several devices at the time (I have a family plan)
I just use apple music because it works well and has lossless audio without charging extra.
could've touched a bit more also on the greed of big record companies which ask for higher and higher royalties but don't actually pay their artists properly
I would still use spotify if it were to double its price. The value i get on it would still be amazing. Ive built up a library so big on spotify that i’d be devastated to lose it, i would actually start buying physical albums.
You can migrate it pretty easily actually! There are tools dedicated for that :) I was a paid spotify user from 2009 to 2022... ALL my music was on there... But I couldn't stand them funding alt right podcasts, so I left for a similar service and I've honestly been fine :)
Plus Spotify doesn’t truly have a library in the way that Apple Music does. I moved from Apple Music to Spotify and that’s one of the things I miss the most. The OS integration as well.
@@denvertitus235 i feel like spotify’s algorithm is really good at showing me new music that i would like. Many songs and artists i otherwise would not have found if looking for music on my own . I’ve had friends switch from Apple to Spotify and say the same. But theres pros and cons to each
if you love your library so much, id HIGHLY recommend backing it up somehow, even if its just a huge bunch of screenshots
@@randomcow505 i thought about this. I’ll have to make a list. My library is close to 1500 songs. A lil bit
RUclips music has additional content because it gets all the RUclips uploads that aren't able to be on the others due to not meeting eligibility. But you can upload to RUclips music no issue
The raising prices thing is just wrong. The whole industry charged $9.99 two years ago, now they all charge $10.99. When one service raised prices, EVERYONE raised prices because they realized they could make more revenue. So Spotify could definitely raise prices. Others would follow.
Been using Spotify for years now but no matter how I try to switch I just can't. One thing I like in spotify is my history of listened songs there, it's like having a Steam account that holds record of games you've played
RUclips Music and Spotify are the only services that offer free streaming, but with ads, right?
What would happen, if Spotify were no longer offering a free model?
They'll just go to RUclips
@@Kevynmorgan You can’t even turn off your screen, right? Who would bear that for daily listening? I wouldn’t.
@@jayzn1931 I use it, because I don't use the stock RUclips app, I use a modded one☠️
I stopped using Spotify when they removed the song "The Race" by Tay-K in May 2018 due to the company's new hate content policy. The song was criticized for its lyrics that glorify violence and criminal activity. Ever since then I've used RUclips music for most of my music streaming.
Spotify’s algorithm is untouchable
Don't necessarily agree. For some reason, Spotify seems to want to push some of my least favorite songs from my favorite artists on me. And then it seems to think that because I didn't skip them, I want to hear them over and over.
nope. had spotify for 3 months, and it still didn’t learn my music taste, it took apple music around 3 *days* to learn what i like.
@@dennisd9554i agree with this. It will recommend a song and then think that because it recommended it to me, that I like that song and keep playing it. Pandora is the best imo
This all depends on your music taste lol. Historically, Spotify is the the algo King. That could soon end
@@dennisd9554 same. i've grown increasingly frustrated with their algorithm lately. if i happen to listen to a song more than once a particular day because i was enjoying it, they'll keep putting it in all my personalized playlists. then i get tired of it really quickly and it ruins it for me for a while.
Your voice is comparable to the guy from Kurzgesagt / in a nutshell. Extremely professional.
Opted RUclips music over Spotify the best music service ever Audio quality is more better than Spotify
did I miss something? RUclips has the worst audio compression out of all streaming services
Incredible how some people spend on highend gear then limit the sound quality with compressed Spotify.
Instead, it's much better to use a lossless streaming source like Apple Music.
Been using Spotify since 2014, switched to Apple in 2021, never looked back since.
Great business analysis, very difficult for Spotify to find the competitive advantage, but as other game changers it will disappear by natural selection given the harsh superior competition.
I use YT music :)
Red flag
same, it has the most music and if you have yt premium why would you pay for Spotify premium to
@@bradleymarr7311 Brain rot
@@bradleymarr7311 ?
@@Brrrrr18⬆️⬆️exaxtly!! 💯
More people need to realize this!
Great video but I'm surprised there were no mentions of tidal, Deezer or Soundcloud
Commenting for the algorithm. Great video!
Thanks for the support, I highly appreciate it!
LPT: you can make multiple youtube channels, each curated for different things you are interested in. Like tech, video games, music (or even different genres of music), etc.
Excellent video. With Gala Music growing, Spotify's problem just got bigger.
Great video, good luck with growing the channel
Thanks, I appreciate it!
This video really got some points wrong. I find that RUclips music has an advantage over the other services. Find a song you like but it’s blocked in your region? You’ll most likely find a RUclips upload of it and can add it to your playlist
Spotify more adds than music
Do you think you could make a more in depth video that compares Spotify, YTB music, Amazon music, etc. ? Because I honestly don't know which is better for me. Just an idea I have, would love to see it done by you! ❤
honestly this is really how it gose
apple music:
-sound quality
-better user experience
-and it easy to use with other apple products
spotify:
-ai is insane
-bigger catalog
-and its a more social platform
youtube music:
-it included with youtube premium....
amzon:
-dont do it... trust
i have usde all of these platforms except amzon. i am personally a apple music fan
Why bother with Spotify? 🤷🏽♂ Beyond playlists, it offers zero unique value for producers or listeners. Platforms like YT Music and SoundCloud are free, packed with quality, and don’t push the same bland tracks. Save your cash-and your ears-from the Spotify algorithm's poor taste!
Good video but you forgot about music sound quality across streaming services, which is an important factor to consider.
Why on earth did anyone ever let three companies take over an entire industry? That’s ridiculous
You're kidding right? Most industries in the world are like this 😂
Its not that they "let" it happen. Its competitive and they did what they had to do to get to the top
The natural trend of capitalism is monopoly.
@@ferrreira
It's not capitalism it's distribution. If youtube existed in 1940s during radio or 1990s during the birth of CDs it would've never happened.
@@jmanakajosh9354 But it didn't. And this applies not only to music services. ALL business types trend towards monopoly in capitalism.
Very informative and thank you so much. It's quite an effort to pull these many information and data. But another possibility to consider would be to increase the charges for the companies who are putting up Ads in-between the songs because of its high reach.
what about siriusxm?
Even more repetitive and limited than Spotify. Had a free trial for a month and they played the same 20 songs all month.
Meanwhile Spotify is actually going down in how the music moves through your library. It’s literally playing it like the radio. I can hear the same song 3 times in a day while driving. Not what you want for the price you pay.
personally i just want music
The biggest problem with Apple Music (for me) is playing a song from a device to another device seamlessly using the "Select another device" function, if Apple Music have that, I would switch to it as I have an iPhone and MacBook...
This video is just wrong. Spotify has reported a profit the last three quarters, and they are probably going to report their first yearly profit for 2024. Given that they also raised prices by 10% in a number of markets, it is almost guaranteed that they will end the year with a profit.
Also you forgot to mention something that is super relevant for Spotify, for most of the company’s live they have received tons of money injections from the 3 big music distributors, they basically own Spotify and would have kept injecting money as long as needed, for one simple reason, if you have control of the mean of distribution you are the one making the most profit, and Spotify is the biggest mean of distribution. Spotify has more users than all of the other music streaming services combined.
You are wrong!
@@imtiahmed2001 Sure, prove me that I’m wrong then. I can prove you that I am right.
Yeah the video is severely misinformed. Also no mention of the Discovery Mode feature with which Spotify is currently starting to achieve royalty payment reductions with all major players. This combined with the slight price increase and the shedding of significant parts of their workforce will lead to profits and - most likely - a more stable future for the company.
@@imtiahmed2001 I work in the music business and no, they aren't work.
What these companies need to understand is music streaming is so much more about user experience than it is about offering songs and playlists. Spotify kind of understands this but needs to be doing more. It needs to be more aggressive about how it analyzes songs and suggests new ones for you. It needs to create a stronger profile of its users data. Like whether you tend to listen to heavier / higher energy music, or calmer music... Indie or more popular styles, and more. If it could manage this then I think they would fully stomp out all of their competitors. We need more tools to shape our listening experience both at our disposal and working in the background.
It could operate on a business model similar to Facebook in that artists could "advertise" their songs such that Spotify would recommend them to people they think would highly like them and share them. This would increase artist listen time, user time spent using their app, and overall customer satisfaction.
This is why its so much more important than just making a service that can play songs and make playlists. You need this data mining of users to create the ultimate streaming app.
Looks like Spotify is ripe for acquisition, it would certainly add value among bundled services companies such a Microsoft offer.
The quality of audio that we get from apple music is unbeatable 🎧🔥
.00318, not 0.3 paid out.
i want twelve cents a play
I'm at 3:39 into the video, and I got a legit question. Why does Universal, Warner, and Sony even need Spotify? Why haven't each banded together and created their own streaming services? Or lets say for example, Universal Music Group releases their own "Spotify/Netflix" type monthly service? Which then the customer would have access to all of the music that is licensed by that label. It seems weird to me that the all powerful record labels need help from an outside platform.
Anti-trust laws designed to protect consumers
They probably own so much of the music industry that no regulatory body would approve for them to create an even bigger monopoly
no one searched for this
I like Spotify’s diverse feeling UI but I love Apple Music’s simplistic and intuitive user experience. I got an apple products so that’s legit the main reason but if didn’t, Spotify would legitimately be the way to go. (Forgot to mention the audio sounds a little better on Apple Music. Don’t know why but I guess better audio files? :p)
Spotify is up 126% this year, they are by no means failing
Record revenue too. This same channel would've made a video on Uber a few years back, saying it's a broken business and will never be profitable. Lo and behold. Uber turns a profit of 1.43B.
Who would've guessed a revolutionary business model and idea takes the approach to get as many customers as possible, as quickly as possible, operating on a loss, then rises prices and profits!! thats unheard of. lol.
@@Charlie43348problem is Spotify has more powerful competition that can hold their prices indefinitely
I use Apple Music as I’m in the Apple ecosystem system - works perfectly 🎉
Spotify has earned over 1 billion in profit this quarter. I've personally had a 100% stock gain after buying Spotify in 2022, benefitting from videos full of "conventional wisdom" like this one.
What changed about their business model to cause such a huge flip?
Nevermind I see that they finally made a profit, but it's definitely no where near a billion. I have no idea where you got that figure from, maybe you're getting it confused with revenue?
@@hamzerpanzer q1 2024 gross profit - i've seen the broader playbook often over the last 20 years, with a big tech company seemingly "structurally unprofitable" but growing quickly. Later they're able to monetize properly and grow into their size by making relatively moderate tweaks.