As for the global streaming market, the best data points will come later this year from the IFPI. The first will arrive will be the Digital Music Report in April. The second will be the annual Music Industry in Numbers report. It will provide global subscription numbers, both subscribers and revenue, and will break down revenue by country. If previous release dates are any indication, the reports will be released in April.
It ain't April yet. I'm not going by what Spotify higher ups think is their user base is
Then what are you going to go off of? Because I doubt it'll be those IFPI reports you cited. considering they don't break down the amount of subscribers per company. That data is broken down by sales and usage per country. It doesn't matter if it's April breh. If you wanna play that game, I can dispute Tidal's subscribers numbers. They just reported 2.5 Million subscribers???? How do we know it's not really just 600?
I dunno what Spotifys strategic objectives are...maybe you do
I told you this segment is still evolving so I don't get why you think it will be a huge payoff for them......
Objective is building streaming music usage. Getting the consumer public more familiar with music streaming in general. They've done this very well through business partnerships. They used a partnership with Facebook to penetrate the US market. They've continued to build brand familiarity through partnerships with Uber, Starbucks, Virgin Airlines and a number of music festivals.
They also plan to offer more video content and podcasts. Their video content is viewable in their free tier. Original content is coming soon.
Of course it's evolved. And Spotify's evolved along with it for 10 years. And it's value and revenue is what motivates me to place it in higher regard to the competition.
TiDAL is developing it's business model, so is Spotify, so is Apple.....
Indeed. And while building the model, Spotify and Apple have managed to gain sizable shares of the streaming market, while Tidal has struggled. Tidal's lack of capital also limits the speed at which major developments and adjustments can be made for them. Any unique feature Tidal decides to introduce, Spotify and Apple can replicate in a swift amount of time, as they have the capital needed to make such a change. How quickly can Tidal adjust to develop something comparable to Apple's Beats 1 Radio, or Spotify's Diplo Party Mode feature?
Where's The Financial Report of post-acquisition 2015 Aspiro ?
Not the 2014 one when they grew sales by 22% and 8% in a quarter
Pretty standard that companies and/or industries don't release their annual financial statements until the beginning of the second quarter the following year. You know, like those IFPI reports that you tried to hype up?
It ain't April yet.
But props to Aspiro's sales growing by 22% in 2014; Before they tried to enter the US market or sold the company to Jay Z. Looks like they were doing alright (if you ignore operating costs of course).
Granted, it's not quite matching up to the 45% sales growth Spotify had that same year.
Or Pandora's 43% sales growth.
Or Google Play Music's 52% sales growth.
Or SoundCloud's 54% sales growth.
Well really, considering the entire streaming industry as a whole grew in sales by 33% in 2014, Aspiro's sales growth was actually well below the industry norm.
Eike Batista was worth $32 billion once...and Sillicon Valley is in full bubble mode.
These investors are chasing 1,000% returns ala FB and you know that
Just look at the fukkery on the enterprise side
What's your point?
I'm aware of how freemium works breh LOL
So would you say that 5 years ago that wouldve been a good strategy to build a consumer base?
Hindsight is motherfukker...it's easy to talk sh!t about Rdio now that they are defunct
Hindsight? Fam, terrestrial radio's been on the decline for 15 years. Rdio decided to place the future of their company on the shoulders of that dying medium 2 and a half years ago. Ain't no hindsight for that shyt. That was a clear losing move.
I didn't say you should shut up. I genuinely asked because maybe you know something we don't
and wanted to verify your sources.
That was somewhat of a hyperbolic statement on my end fam.
I'm a consumer of TiDAL and like the product.
You seem articulate yet judgmental
I subscribe to all three services, and I actually prefer Tidal to Apple Music. (Granted, I have the Android version of Apple Music, which doesn't get updated as quickly as the iOS version)
I'm not judgmental, however I am skeptical. I don't see a path to independent success for Tidal as things stand currently. I don't see any major advantages it has over the competition.
They launched pitching...
The promise to pay artists more royalties than the competition: The consumers don't care about that.
Lossless audio: EXTREMELY small niche that I feel did more harm than good, as many consumers incorrectly thought at launch that the Hi-fi $20/month rate was the only payment option offered. Having strong audio technology and R&D adds value to the company if (when) they look to sell, but it's marketing impact presently is minimal.
Exclusive Content: As I said earlier in this thread, exclusive content was a good strategy as far as building subscriber numbers early on, but Tidal didn't execute it the way they should've. IMO, they should've launched out the gate with a new Beyonce album, a new Kanye album, a new Calvin Harris album, and a new Madonna album. All exclusive, with the three month free trial they were already offering. Three months later, you drop a new Alicia Keys, a new J. Cole album, a new Deadmau5 album, and a new Coldplay album. Three months after that, new Rihanna, new Jay Z, new Daft Punk, new Jack White. Every three months, when people who originally got the free trial because of a particular artist, you give them a new album from a similar artist that makes them what to stay, while bringing in more subscribers at the same time. I think it was pretty clear from TLOP, you get subscribers from exclusive ALBUMS. Not singles or videos that just get ripped and posted elsewhere in minutes anyway. Not from live steams of concerts and events (people will just watch the recording later somewhere other than Tidal. It's the DVR Era). Not from web shows that will be on YouTube a week later.
They didn't take advantage of the opportunity with exclusive albums fast enough in my mind.
No need for the shaming and these low brow tactics ...that's what women do
Wild corny fam
I dunno how you run your businesses but we like concrete figures when it comes to evaluations
Who doesn't? But when not available, sound business decision can be and are routinely made off of well formulated estimates and projections. To totally disregard estimates cited and published by all of the most reputable business magazines strictly because "the hard numbers aren't out yet!" is foolish. Its December 2015 and you wanna get your 2016 business plan together, but would like to do it with an idea of how your competition did for the year. Do you reference the estimates for them, or just wait till their hard numbers come out in April?
Pretty sure the market reacts more aggressively when ACTUAL figures are posted......
Then again i'm not a trader
Obviously. But estimates and forecasts move the needle a HUGE amount as well. And if that sort of info didn't hold any weight, that wouldn't be the case.
"Instagram has yet to develop a model for generating revenue,
and substantial obstacles remain, such as whether small smartphone
screens are sufficient to draw advertisers'" - Wall Street Journal
Where are you getting this from ?
You post these un-cited quotes like it's checkmate for the arguement without thinking about the full situation.
No shyt they weren't making any revenue, but they were 100% sure there'd be plenty of potential buyers who felt they damn sure could once they acquired IG. And their operating costs were extremely low as well. They only lost $2.7 million over 2 years for a company that was valued at $500 million. Meanwhile your beloved Aspiro was losing $10 Mil a year and was only valued at about 1/10th of what IG was. Which company would u rather own?
You think instagram would be where it is without the infrastructure/talent at Facebook ?
No. Does anybody?
You could turn down a 450 million dollar pay day with stock in FB
when you don't generate revenue and have banks down your neck ?
If I felt that 450 Mil could become 5 Billion if I held on for a couple more years, then hell yeah.
Why would banks be breathing down my neck with all the investor money I would have at my disposal? U think investors were pouring millions into the company and expecting the company to just instantly start producing profits? U think the investors were breathing down their necks for them to start paying back on their investment immediately?
You're talking about Venture Capitalists funds like it's a damn mortgage.
So a startup with 0 revenue sold too early but companies that do should sell up ?
In this case, yep. There was clear profit potential once the infrastructure was there to build the company. And that was only going to come through a sale.
Meanwhile while Tidal and Aspiro prior to them was/is making revenue, it's also racking up debt at a much higher rate, while yeilding a much lower windows of opportunity for regular profits in the near future. This isn't hard to understand.
I don't know... rather than comparing companies that are in different verticals
(Youtube isn't a subscription based company)
I'd like to see how this all plays out....WiMP seems to be their arm for the b2b deals.....
YouTube launched a streaming services last fall. $9.99/month gives you both YouTube Music and YouTube Red, which is ALOT original and exclusive video content.
WiMP has been abandoned in the US.
With statements such as earlier...
Why bring in more investors and cut into your backend money when you can sell off now and likely me the same amount as you would using VC funds to keep running the company another year or two?
Exactly.