My thoughts on the music streaming giant filing to go public on the NYSE, and what it could mean for the company and the music industry.
What's your take on all this? Best responses get upvotes.
https://www.cnbc.com/video/2018/02/28/spotify-to-list-ipo-at-nyse.html
▶️ DTube
▶️ IPFS
an open source Spotify that will be the future in 10 years
That future is a lot closer than 10 years away. Their are a lot of promising blockchain projects working on this now.
You make a great point about "Spotify is the new radio" - I personally discover most of my new music by maintaining a "records to listen to" playlist with anything cool I hear about. Streaming makes it possible to keep checking out new bands daily -- without it, who knows.
I think in the end we really do need to cross the bridge of "Is Spotify Good For The Music Industry?" when we come to it. As individual artists and music influencers, all we can really do is work with ethical services and encourage others to do the same. Beyond that I try not too think too much about big business stuff.
Yeah the "Spotify is the new radio" part was not something I was really thinking about. The thing for me is that Spotify is losing so much money every year and I don't understand the insane valuation for it. Twitter had to bail out Soundcloud a couple years ago and they are not optimistic about getting their money back.
Twitter put the money into SoundCloud in 2016, via its Twitter Ventures unit, in a deal that valued the company at $700 million. Now Twitter, via its 2017 annual report, says it has written off $66.4 million it invested in SoundCloud because that money is “not expected to be recoverable within a reasonable period of time.”
Everyone likes these streaming services because people are used to not paying for music which makes the radio analogy make more since. I don't see this changing but Spotify has a huge uphill battle to really earning the 20 billion valuation people are giving them. Spotify is also doing a direct listing which means they are bypassing the fees companies typically pay banks when they go public. They are just trying to bring liquidity to their existing share holders that have funded the company. I still firmly believe that the streaming industry is going to see some major disruption through blockchain tech. As we see more and more artists taking a much more independent approach and embracing this new tech we could see a huge disruption to traditional music industry ways. I wrote a post here on steemit addressing this.
https://steemit.com/music/@rumble/spotify-ipo-valued-at-usd20-billion-plus-what-this-means-for-blockchain-music-dapps-like-peertracks-find-your-creative-freedom
Just a thought. Would be cool if in another world Spotify gave a share to all of its users who pay for subscriptions; now that’s a decentralised platform alright... but it’s a dream obviously
Doesn't Spotify pay artists an insulting pittance? Like $1/1,000,000 views or some shit?
i've seen charts that actually say you could make thousands of dollars just off 130k streams. however, in order to do that, you gotta be doing it totally independent without a label / middleman taking a cut.
you should make a video where Cal Chuchesta starts doing technical analysis on the crypto markets.
lol, would that get the whales voting?
nice caterpillar bro
Awesome they have gotten so big to go public. Im gonna buy stock. Thanks for sharing this info
I would love to invest in spotify. Stray away from the musicary industriapple complex