Why Amazon VP Steve Boom just made the entire music catalog free with Prime

Decoder with Nilay Patel

Vox Media Podcast Network

Technology, Business

4.3 • 3.2K Ratings

🗓️ 1 November 2022

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

I love covering the music industry, but over the past 10 years I’ve found that it’s one of the most challenging things to make accessible to a wide audience. See, my theory is that the music industry is like five years ahead of everything else when it comes to being disrupted by tech: whatever happens to the music industry because of technology eventually happens to everything else. Today I'm talking to Steve Boom, the VP of Amazon Music. Amazon just announced that they are upgrading the music service that Prime members get as part of their subscription. Starting today, one of the benefits for Amazon Prime members is that you now get access to the entire Amazon Music catalog, about 100 million songs, to play in shuffle mode. That service used to only contain 2 million songs. And they are removing ads from a large selection of podcasts including the entire Wondery catalog. I wanted to ask Steve: what’s it like to negotiate with the record labels for a service like this? What can streaming services do to make artists more money? And where do podcasts fit into the overall strategy? Amazon and Spotify both spend a lot of money buying podcast studios. Is it paying off? Links: Amazon buys Wondery, setting itself up to compete against Spotify for podcast domination Apple’s Anti-Competitive Behavior Hurts Everyone—Including Audiobook Listeners, Publishers, and Authors Why Rdio died Why it makes sense for Amazon to buy Twitch Amazon Launches Audio App Amp Combining Music and Live Conversation The days of cheap music streaming may be numbered Why did Jack Dorsey’s Square buy Tidal, Jay-Z’s failed music service? Amazon Music rolls out a lossless streaming tier that Spotify and Apple can’t match How Amazon runs Alexa, with Dave Limp Apple’s new podcast charts show Amazon at the top Spotify gets serious about podcasts with two acquisitions Vox Media acquires Cafe Studios, Preet Bharara’s podcast-first company Vox Media Acquires Criminal Productions, Leading Narrative Podcast Studio Time to Play Fair - Spotify Apple’s New App Store Rules a Big Boon for Netflix, Hulu & Co. MusiCares Transcript: https://www.theverge.com/e/23197384 Credits: Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Creighton DeSimone and Jackie McDermott and it was edited by Callie Wright. The Decoder music is by Breakmaster Cylinder. Our Sr Audio Director is Andrew Marino and our Executive Producer is Eleanor Donovan. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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1:06.9	Hello and welcome to Decoder. I'm Neil iPadell, Editor and Chief of the Verge and Decoder
1:10.6	is my show about big ideas and other problems. Today I'm talking Steve Boomb, VP of Amazon Music.
1:17.4	Who can we just say has a great name for this business. So I love covering music industry,
1:23.1	but over the past 10 years I have found it's one of the most challenging things to make
1:26.9	accessible to a wide audience. See my theory is if the music industry is like five years ahead of
1:32.8	everything else when it comes to being disrupted by tech. Whatever happens to the music industry
1:37.3	because of technology eventually happens to everything else. And I mean everything.
1:42.0	From digital distribution to remix copyrights to how artists make money, it's a pattern that plays
	...

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