While writing an extensive profile of Spotify founder Daniel Eko, Fast Company's Robert Safian also took a moment to chat with Tim Cookem. The topic, of course, revolved around Apple Music, Spotify, the competition and streaming music in general.
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"Music inspires me, it can motivate me. It also helps me quiet my thoughts at night. I think it is better for me than any medicine.” he has begun CookAt the same time, he expressed concern that the music would lose its magic: "We are afraid that humanity will disappear from music and nest"Only bits and bytes were used instead of art." Although he didn't name Spotify directly, he apparently points to their greater focus on the song selection algorithm. He also went on to say something you don't often hear from the CEO of a huge tech company: "We're not doing it for the money."
On the other hand, these words are understandable. Apple is a company making huge amounts of money selling devices and services Apple Music for them it may not be profitable all the time. On the other hand, for Spotify it is their only product, so regular profitability is necessary for them. However, Cook he doesn't deny that he would like to Apple to earn with their offered services. By 2021, they would like to reach $50 billion in revenue from the service, up from $30 billion last year.
Apple Music and Spotify – irreconcilable rivals
Even Daniel Ek commented towards Apple Music and revealed what he sees as Spotify's advantage over this service - the company's one-sided focus. While for Apple streaming music is not the main thing, for Spotify this is the only service they offer: "Music is what we do all day and night. And that's exactly what shows the difference between mediocrity and true quality." With a fight with Applem was always counted, even before Apple Music. Apple dominated digital music downloads via iTunes in 2008, when Spotify was just starting out. And even then, Ek was aiming to replace the iPod with subscription-based streaming music. Plus, the competition is fierce. AppIt is said that it forced them to be more disciplined.
The difference is also in the menu of the free version, which only Spotify offers. Compared to the paid version, it contains several restrictions and also advertisements. And even here, according to Eko, there is a way forward, because for users who are not willing to pay a monthly subscription, they will at least make money with the help of advertisements. What about you – are you more of a Spotify fan? Apple Music or any other streaming apps?
joke of the year?
Exactly, because business is for profit.
A little OT but if they're not doing it for the money then let them give every user a login ios 12 at least 10GB free on icloudoh, then I will believe...
1* but I don't give it because there is a shareholder on the other side of the road and he wants to give the profit away to charity.
👍👍
If you can't afford to pay a stupid 25 crowns a month for 50 GB, I don't know why you're even buying it. iPhone....
... and this is a typical answer of someone who didn't understand the point of the original post at all and spends 25 CZK per month :-(
It's because I want a phone and ios and applications that are not on Android?
I am able to pay it, this is about principle and not stupid 25 crowns.
Why should he continue to pay when he already paid enough money for an iPhone
But they don't do it for money for themselves. The artists also have to make a living and when everything is free, everyone will refuse any kind of recording.
Well, the problem is much different, because the artist generally has "zero, zero, nothing" from these purchases, the overwhelming majority is taken by the "label". This is just to make it clear how it is with the recording. 90% of the content of these stores is junk that no one will buy anyway. :-)
Musicians no longer make a living from selling music, let alone streaming it. They would all starve to death. Musicians live from concerts.
I live off YouTube ads
Sure. Once someone has money that they won't spend for the rest of their life, they don't do anything for the sake of money and they don't really care about money at all. They should just give themselves a $1 salary, like they should have. Steve Jobs :D
...exactly, or give his billion USD to disease research, like he did Gates. :-)