His company primarily sold headphones and speakers before Apple bought both the speaker business and the streaming business together. “Amazon sells Prime Apple sells telephones and iPads Spotify, they’re going to have to figure out a way to get that audience to buy something else.” “The streaming services have a bad situation, there’s no margins, they’re not making any money,” he said. Iovine, whose months-old Beats Music service was acquired by Apple before Apple Music’s launch, describes the streaming music business as not profitable for companies that only sell subscriptions. After the Beats business was acquired by Apple, Jimmy Iovine said that it was almost impossible to make money from it. Spotify has almost never turned a profit from its streaming music service, and that’s no surprise. If this sounds like old news, that’s because Spotify previously dipped its toe into the waters by offering just a handful of public domain titles, but has now 300,000 paid titles available … Background It follows a previous diversification into podcasting. Spotify audiobooks are now on sale, following the company’s announcement that it was further diversifying its business model by acquiring the audiobook platform Findaway.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |