Spotify price increases: Will they trickle down to artists?
Spotify hiking its prices in twelve different markets should translate to more money in the pot all around, but some questions are being raised as to whether much of these additional funds will make it down into the pockets of artists hovering below superstar status.
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Spotify price increase recently announced affected 12 markets, including the United States, which many see as the first step to overall increases over time. In most cases the increases were limited to bundled subscription plans, like in the case of the United States (Family Plan), and the United Kingdom (Student, Family, and Duo Plans). That said, in Brazil the price increases also included individual subscriptions, something that the company would like to do world-wide.
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Spotify is growing but can it win the streaming battle in 2021?
6th May 2021
Spotify’s Daniel Ek now has enough money to buy a Premier League football club. Let’s let that sink in for a minute.
Spotify has long resisted or deflected the claims of artists and songwriters who say they should be earning more from streaming, noting it is not yet a consistently profit-making business.
Yet its founder has somehow accumulated enough cash to contemplate acquiring the ultimate billionaire’s plaything. And not just any old football club but Arsenal, one of the short-lived European Super League’s dirty dozen, made up of those willing to squander the game’s heritage in search of even more megabucks. Clubs like that come with the sort of price tag that only the super-rich could countenance.
Synopsis
Jio’s net 15.4 million user additions showed better channel management and came mainly due to the new JioPhone plans, which offer an 18-33% discount, translating into 33-40% of the telco’s blended ARPU, said ICICI Securities in a note.
Reuters
Strong subscriber additions by Reliance Jio on the back of recent cheaper offers on the JioPhone has led to a lower-than-expected average revenue per user (ARPU), pegging sequential revenue growth at 1.7%, the lowest since the telco’s commercial launch back in September 2016, say analysts.
Jio’s net 15.4 million user additions showed better channel management and came mainly due to the new JioPhone plans, which offer an 18-33% discount, translating into 33-40% of the telco’s blended ARPU, said ICICI Securities in a note. This added to the absence of interconnection usage charges (IUC), which together dragged quarterly ARPU 8.5% lower to Rs 138.