Kicking and streaming: Can Spotify survive?

The Bunker

Podmasters

News, Politics, Society & Culture, Government

4.6 • 984 Ratings

🗓️ 9 November 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Spotify dominates the music industry – but artists struggle to profit from the platform. What if that power balance shifts? Although the streaming platform is on track to reach one billion users by 2027. Can the streamer perfect the mix of corporate profits, customer satisfaction and pay musicians more than a fraction of a penny per play? Andrew Harrison is joined in The Bunker by music business and tech journalist Dr. Eamonn Forde to discuss Spotify's uncertain future. “Spotify was created to compete with illegal music services like Napster.” – Dr. Eamonn Forde “Apple was slow to streaming, Steve Jobs always felt that it was a ridiculous idea to ‘rent’ music” – Dr. Eamonn Forde “The CD market had a phenomenal growth curve that was completely unsustainable.” – Dr. Eamonn Forde Support us on Patreon: www.patreon.com/bunkercast Written and presented by Andrew Harrison. Producer: Liam Tait. Audio editor: Jade Bailey. Managing editor: Jacob Jarvis. Music by Kenny Dickinson. Group Editor: Andrew Harrison. THE BUNKER is a Podmasters Production. Instagram | Twitter Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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1:13.6	welcome to the bunker your daily need to know on news and politics with me, Andrew Harrison. Spotify, since its launch in October 2008, the Swedish audio streaming giant has changed the
1:19.6	way the world listens to music.
1:21.4	No more pain to download individual tracks and then wrangling them
1:24.0	onto your phone. We now expect music on tap wherever we are and we expect podcasts too.
1:28.6	Spotify is the second biggest outlet for our program. It's like after Apple Podcasts.
1:32.8	In fact there's a good chance you're listening to the bunker on Spotify right now.
1:36.0	With over 574 million users who can choose from over 100 million songs and 5 million
1:41.4	podcasts, you'd think that Spotify would be the textbook example of a technology Colossus that's claimed the high ground
1:48.0	and will hang on to it come what may.
	...

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