Interesting article about Spotify

[RadioGuy1864]

Spotify Shares Jump as Streamer Swings to Q1 Profit

Spotify reported that it swung to a profit in the first quarter of 2024, despite slowed subscriber and user growth.

www.thewrap.com

They have multiple streams of income, not just audio. Worth reading.

 

[TheBigA]

A big chunk of revenue is still tied to advertising, and they'll be doubling their subscription price from $12 to $24.

 

[michael hagerty]

A big chunk of revenue is still tied to advertising, and they'll be doubling their subscription price from $12 to $24.

That'd be a massive jump. The article RadioGuy1864 posted quotes a much more mild hike:

"U.S. prices are expected to rise by $1 to $2 ."

 

[TheBigA]

That'd be a massive jump. The article RadioGuy1864 posted quotes a much more mild hike:

That's per month.

Spotify to Raise Subscription Price Again This Year | Report

After its first-ever price hike in July, the streaming giant will seek another increase in the U.S. later in 2024

www.thewrap.com

 

[michael hagerty]

That's per month.

Spotify to Raise Subscription Price Again This Year | Report

After its first-ever price hike in July, the streaming giant will seek another increase in the U.S. later in 2024

www.thewrap.com

Okay. So it adds $12 to $24 a year. The only way that doubles a subscription price is if they’re only charging $12 to $24 a year now.

 

[TheBigA]

Okay. So it adds $12 to $24 a year. The only way that doubles a subscription price is if they’re only charging $12 to $24 a year now.

It's complicated because of all their various plans. The details are in the linked article. Bottom line is it will cost more.

 

[michael hagerty]

It's complicated because of all their various plans. The details are in the linked article. Bottom line is it will cost more.

Yeah. About 10-20%.

That’s different from:

they'll be doubling their subscription price from $12 to $24.

 

[Don CT]

A big chunk of revenue is still tied to advertising, and they'll be doubling their subscription price from $12 to $24.

$24 a month is a death nail.

 

[TheBigA]

$24 a month is a death nail.

As Michael said, I misread the article. It's more like $14 a month. But it goes up from there depending on the service.

 

[Don CT]

As Michael said, I misread the article. It's more like $14 a month. But it goes up from there depending on the service.

There are 2 services I could probably never drop, YouTube Premium and Spotify. Unless they price them way to high.

 

[TheBigA]

Update: As we said in April, Spotify is officially raising its subscription price. This time, not because of music royalties:

Spotify’s ‘Year Of Monetization’ Means Higher U.S. Subscription Rates.

The cost of Spotify is going up again, even as consumers are more cautious about spending due to inflation. For the second time in two years, the streamer will ask

www.insideradio.com

“We’re increasing the price of the Premium Individual so that we can continue to invest in and innovate on our product offerings and features, and bring you the best experience,” the company said in an email to subscribers. For new individual subscribers the monthly rate will jump one dollar to $11.99 per month beginning in July. The duo plan price will rise two dollars, to $16.99. And the price of the family plan will jump three dollars to $19.99. The student price is now $5.99. It will be unchanged.

Just one year ago, they raised prices by $1.

 

[louis_p]

There are 2 services I could probably never drop, YouTube Premium and Spotify. Unless they price them way too high.

Your YouTube Premium subscription includes YouTube Music. Just curious as to how you find that Spotify provides additional value or offers you something that YouTube Music doesn’t?

 

[Don CT]

Your YouTube Premium subscription includes YouTube Music. Just curious as to how you find that Spotify provides additional value or offers you something that YouTube Music doesn’t?

Never even tried YouTube music.

 

[Plate Blocker]

Never even tried YouTube music.

I dumped Spotify for YouTube Premium, which provides no-spot video viewing, and includes YouTube Music. Best online cost decision I ever made; I have never even been tempted to go back to Spotify.