this post was submitted on 17 Dec 2023
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Sometimes, I see some of the takes on here, and it's hardly surprising that the fediverse isn't particularly popular.
Spotify are somewhat responsible for their current position. They hired too many people, extended into markets they didn't need to enter, and have a CEO that has blown money in places that didn't need it. Let's not forget that Spotify spent $300m on sponsoring FC Barcelona, which could have allowed Spotify to employ ALL of the employees it laid off for 1-2 years. Spotify had no need to give $200m to Joe Rogan, either! That's half a billion spunked up the wall on decisions that have done nothing for the company but cause grief. Instead, they could have focused their efforts on paying more out to smaller artists that provide the long tail for their service, while also making deals to promote merch and tour dates where possible.
With that being said, if you think that Spotify didn't play a huge part in making music streaming accessible you're just being contrarian for no reason. They provided (at the time) a solid application, good connectivity with services like last.fm, and had the social connection sorted from the start. Once phones took off, Spotify removed the need for mp3's for the majority of people, largely killing iTunes. Spotify was the winner of the music streaming wars.
Frankly, a lot of people were praising Spotify for their "good" severance package, but IMO shareholders should be livid, and should be calling for a new person at the helm.
Why? Shareholders gave Spotify billions of dollars - they expect the company to spend that money. Shareholders are quite capable of depositing their own money in a bank if they didn't want it to be spent.
My take is Spotify hired over 5,000 employees over 2020 and 2021 when the economy looked great. Then Russia Invaded Ukraine in 2022 screwing the global economy and particularly Europe which is Spotify's biggest market. They've laid off about half the people they hired, which is unfortunate... but it's understandable. The couldn't have foreseen the economic shift.
Huh? Apple's music service has about a hundred million users. Up from eighty million a few years ago. Spotify has more than twice that, but iTunes is hardly dead.
Apple Music the music subscription service is different from iTunes the music purchasing store. When’s the last time you heard of anyone buying an individual song / album on iTunes?
I still buy music on iTunes. I prefer having my collection available on CD, but if I only want a single track or two, I just go to iTunes and buy the songs. This year, I think I bought 4 songs. It isn't ton, but it is still in my mind.
I’m yet to hear a first time, and I remember when mp3s first became a thing.
You’ve never heard of someone buying music on iTunes?
Genuinely, never. It wasn’t that popular in my country.
I hear people buying music from Bandcamp everyday
R.I.P. Bandcamp
What happened to Bandcamp?
It was purchased by Epic Games a year ago, who recently sold it to Songtradr, a licensing platform for background/'mood' music. Songtradr only retained 50% of existing Bandcamp staff (the rest were laid off a few weeks after the sale AFAICT, with the worst affected departments including Bandcamp's editorial team and customer support. Epic Games handled the severance package, for some reason.)
People are pretty upset about the editorial team being laid off because it provided exposure for smaller/niche artists in a weekly publication. I've never checked it out personally checked it out because I never knew it existed - wishing I had now
Such a large layoff so quickly by the new owner feels like a sign of darker times ahead for Bandcamp IMO, seeing that it's apparently been profitable since 2012 (Wayback link, new owners have nuked this from the site?). No need to milk the cow even more when the bucket is full...
Yarrrrrr
This is the way