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    Spotify

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    Spotify is the largest music streaming service in the world, founded in 2006 and launched in 2008. It has 286 million users across 79 countries and a market value of $21 billion. While it generates revenue from premium subscriptions and ads, Spotify faces challenges with slowing growth, tensions with music labels over contracts and profits, and technical issues. Potential solutions include music labels purchasing Spotify, acquisition by a large tech company, or Spotify introducing new features to attract more users.

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    Spotify

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    api-494027739
    84 views8 pages
    Spotify is the largest music streaming service in the world, founded in 2006 and launched in 2008. It has 286 million users across 79 countries and a market value of $21 billion. While it generates revenue from premium subscriptions and ads, Spotify faces challenges with slowing growth, tensions with music labels over contracts and profits, and technical issues. Potential solutions include music labels purchasing Spotify, acquisition by a large tech company, or Spotify introducing new features to attract more users.

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    Spotify is the largest music streaming service in the world, founded in 2006 and launched in 2008. It has 286 million users across 79 countries and a market value of $21 billion. While it generates revenue from premium subscriptions and ads, Spotify faces challenges with slowing growth, tensions with music labels over contracts and profits, and technical issues. Potential solutions include music labels purchasing Spotify, acquisition by a large tech company, or Spotify introducing new features to attract more users.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    84 views8 pages

    Spotify

    Uploaded by

    api-494027739
    Spotify is the largest music streaming service in the world, founded in 2006 and launched in 2008. It has 286 million users across 79 countries and a market value of $21 billion. While it generates revenue from premium subscriptions and ads, Spotify faces challenges with slowing growth, tensions with music labels over contracts and profits, and technical issues. Potential solutions include music labels purchasing Spotify, acquisition by a large tech company, or Spotify introducing new features to attract more users.

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    © All Rights Reserved
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    Flag for inappropriate content
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    of 8

    Spotify

    Anthony Stolfo
    Kelsey Williams
    Colin Bateman
    G Lamoree
    What is Spotify?
    ● Founded in April 2006, launched in October 2008

    ● Biggest music streaming service in the world

    ● Main competitor is Apple Music

    ● Has a market value of $21 billion

    ● 286 million users

    ● Available in 79 countries
    How Spotify Makes Money
    ● Monthly premium and ad revenue

    ● A lot of people pay for spotify

    ● Students get Hulu and

    Showtime for free

    ● 130 million premium users

    ● In 2019 made $7.44 billion


    Core Issues
    ● Profitability, operating costs.
    ● Contract tension with music labels.
    ● Glitches/Freezes
    ● Declining Growth of Premium Subscribers and Revenue
    Graph of Spotify’s Slowing
    Year-Over-Year Growth of
    Premium Subscribers

    Graph of Spotify’s Slowing


    Revenue Growth Expected to
    Continue
    Possible solutions
    ● Music industry labels buy-out spotify.
    ○ Partially solves record labels’ woes
    ○ Introduces problems of influence and infighting
    ○ MS paint demonstration
    ● “Buy out” by a member of FAANG
    ● Keep updates recent and up with technology
    ● Change up Spotify - make new features - attract more attention
    Works Cited
    Ingham, T. (2019, July 02). A Radical Solution to Spotify's Biggest Problems - and the Record Industry's Woes. Retrieved November 29, 2020,
    from https://www.rollingstone.com/pro/features/a-radical-solution-to-spotifys-biggest-problems-and-the-record-industrys-woes-828663/

    Silva, S., & Comentário, N. (2020). 6 common Spotify problems and how to fix them!: AppTuts. Retrieved December 01, 2020, from
    https://www.apptuts.net/en/tutorial/android/common-spotify-problems/

    Trainer, D. (2020, October 13). It Sounds Like Spotify Is In Trouble. Retrieved December 02, 2020, from
    https://www.forbes.com/sites/greatspeculations/2020/10/13/it-sounds-like-spotify-is-in-trouble/?sh=3a966fe6813b

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