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A comment on Spotify to axe 1,500 workers to save costs. Parent comment

Re:Spotify to axe 1,500 workers to save costs by cupofjoakim on Monday December 04, 2023 @07:39AM (#38516532)
I both agree and disagree with you here. The expectation of the podcasting business to be full of great opportunities and monetary gain was (probably) misguided, but 25% market share in an established market in just a couple of years when there were big players holding a majority share is still a huge feat.

Will it pay off? Probably not. But is 25% a big share? Yes.

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Re:Spotify to axe 1,500 workers to save costs by lotsofpulp on Monday December 04, 2023 @02:53PM (#38522255)
Apple Music (Jun 2015) and Google Play Music (Nov 2011) launched after Spotify (Jul 2011 in the US). I think the 4 year delay by Apple is what allowed Spotify to become so popular in the first place.

https://en.wikipedia.org/wiki/Apple_Music

https://en.wikipedia.org/wiki/Google_Play_Music

https://en.wikipedia.org/wiki/Spotify

The problem for Spotify is that they need a far bigger share of the market to be able to have negotiating power against the 3 record labels that they have to buy the music from. Apple/Alphabet/Amazon do not care as much because re-selling the music at cost or even as a loss leader is not a big deal to them.

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Re:Spotify to axe 1,500 workers to save costs by SahAssar on Monday December 04, 2023 @04:11PM (#38523119)
This whole subthread is about podcasts, and in that space apple was pretty early (2005 in itunes, 2012 as a standalone app) and spotify was very late.
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Re:Spotify to axe 1,500 workers to save costs by lotsofpulp on Monday December 04, 2023 @04:27PM (#38523365)
Oops, I missed that distinction. Thanks for correction.
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