Or they'll just pirate it.
>So I definitely think maybe they need to hike the price to $25 or $30 per month.
Spotify will charge what the market will pay. They think that $10 a month is the sweet spot, any more and they will lose more revenue in lost subscribers than they gain.
>Cable TV doesn't give you unlimited everything but we pay like 10x that per month and we still have to listen to the ads in many cases.
And cable TV is currently losing subscribers. I'm not sure that's a business model you want to emulate.
I'm a Spotify subscriber, and they can't go much over $10 a month or I'll just stop subscribing. Spotify's real value is that it's cheap and it's easier than piracy. With younger generations becoming more technical, the percentage of people able to download uTorrent and get on TPB is getting larger. The value of music is declining as free (though illegal) methods of getting it are getting easier, and as music is starting to take less of a focal point in our lives.
Music just isn't worth what it used to be.
Unfortunately for the artists, what they value their work at (living income) and what the market does (close to zero) is drastically different.
You can't will music to be worth something because you're nostalgic over times gone by.