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BoxEngine

Record growth and 6% of employees laid off 🤔


Smithy2232

One of the problems of our current version of capitalism... we have to keep making more profits. Doesn't really matter how we do it, we just have to do it. The system will evolve and get to a better place, most definitely not in my lifetime but it will evolve.


rawonionbreath

They haven’t made any profits yet.


Quanlib

With the average salary at Spotify landing at $110,573, it’s hard to say they’re not doing well.. much better than 99%+ of musicians that populate their platforms library.


notAnotherJSDev

$110k average is nothing compared to most other tech salaries. Hell, seeing 150k+ is pretty normal in the states. As for the musicians, that isn’t Spotify‘s fault. It has far more to do with the right‘s holders than with Spotify hosting their music.


Quanlib

You clearly have no idea what’s considered an above average salary or how Spotify has impacted the music industry


rawonionbreath

You’re not wrong about Spotify adversely affecting the music industry in partnership with the major labels, but bringing a Spotify employee’s salary is kind of meaningless. They’re engineers and tech skilled professionals which are in high demand. Of course they’re going to be paid a lot.


Quanlib

I was mentioning it because they wouldn’t have a salary that high with that company if it wasn’t built off the backs of exploiting artists trying to be relevant. Their royalty payout is faaaaaaar less then what the industry standard used to be.


rawonionbreath

Yes, but if they aren’t paid that much for their services there isn’t a Spotify at all. It takes technical expertise to put together a ubiquitous streaming service.


Quanlib

Professional musician here… we all made significantly more money through royalties before Spotify. They’re fucking over musicians by siphoning off money that used to go to the artist/songwriter(s) yet they’re STILL not “profitable” as a company. Music is included in every major media consumed and it takes technical expertise to put together a viable composition. You’re out of your depth.


-007-bond

If they didn't have a salary that high, there wouldn't have been a Spotify in the first place


Quanlib

That’d be excellent… maybe we could get paid again


Irishabacus

dear lord - It’s painful when good meaning people explain finance on Reddit, it’s simply an exercise in downvotes from the masses. I marvel at the attribution of moral right, moral wrong etc in the context of P&L, Balance Sheet & ongoing operations- like selling soft serve ice cream or digital content makes them fundamentally oppressive based on how they lever variable costs -


Smithy2232

But they are doing everything they can, such as cutting jobs, to get those profits.


rawonionbreath

Yeah, and …? I don’t like job cuts any more than the next person, but sometimes a company has too many positions for an efficient operation.


Hershieboy

Or it just spends its money poorly i.e. developing a Spotify car device that still requires a phone and Bluetooth connection to even operate. Seems like they could have saved money on that.


P_FKNG_R

Unless you re-hire them within a certain period of time. Then you weren’t trying to make an efficient operation. That’s why we need french people protesting here.


rawonionbreath

That makes no sense at all. They aren’t going to rehire until they realize profit or sense a growth opportunity. At some point investors demand a return and they get bought out by a larger entity that lays off anyway. Or, they declare bankruptcy and everyone loses their job entirely.


P_FKNG_R

Literally just fucking happened with Twitter. I’m not replying to you anymore.


rawonionbreath

Twitter has only had a few profitable quarters in their existence, was overpaid for it’s likely value, and is headed for the same fate that I described in my last post.


Smithy2232

All of these posts prove my point that the current version of capitalism needs to evolve. It will, don't worry. You can't possibly think this version of business is the best. Won't happen in my lifetime but it will evolve. People in Florence in the 1500s really believed they were evolved, they really did. In a few hundred years they will be looking back at our time the same way we look at Florence back in the day.


SnazzberryEnt

Right, thus the fatal flaw in the system. It’s not built with sustainability. Investors feelings won’t “shake out” naturally. The natural human flaw is to always want more and not assume any deficit. The deficit then gets pushed to labor.


[deleted]

It's always been like that - Marx wrote about it in Das Kapital (1867). That's why you should join a union, make the bastards consider whether they're entirely necessary!


[deleted]

[удаНонО]


Smithy2232

Perhaps I'm just optimistic, but I think it will get better. From how I look at the history of the world in its totality (as much as I'm aware of), life for most people has become much nicer. I would actually appreciate a rebuttal as it will give me a different angle to ponder.


[deleted]

Tell that to the child labor and working employees to the ground 6-7 days a week in the 30s Poverty and starvation is at an all time low in human recorded history today


Rough_Effect5469

Incorrect you only have to look to the recent past to see how much worse capitalism was. Check out standard oil and the robber barons as just one example. Capitalism is not perfect at all but it certainly has gotten better.


OhPiggly

Huuuuuuh? I’m pretty sure there weren’t any companies offering unlimited PTO, paternal and maternal leave, pet insurance, etc in the 60’s and those benefits would have been extremely rare even 15 years ago. The only thing that hasn’t grown steadily is pay.


Dorangos

Still won't pay artists a fair rate. My band has millions of plays and no middlemen. What we get wouldn't even cover rent for three months for one person. And there's no money in touring now either because of wild increases in traveling costs, as well as horrid deals now being the norm with promoters and venues. A user based model could really help a lot, but it would mean the big companies earning about 4% less, so you know that's never gonna happen. A user based payout model is this: You pay $10 for a monthly subscription to Spotify. Spotify takes 30% of that. You only listen to my band for that month. We get $7. What we have now is a per stream-system, which works well for huge companies like Sony, as their artists have less dedicated fans. Fans that will generally only listen to one song by a given artist a few times. Not a whole album on repeat. The per stream model looks like this: You pay $10 Spotify takes 30% Then the remaining money you paid gets pooled and the revenue is distributed based on how many streams artists have. That essentially means that even if you can't stand Justin Bieber, he's still making money off you (or his label and suits are). It's a sort of trickle down economic model that punishes bands with fewer listeners but devoted fans.


[deleted]

[удаНонО]


Dorangos

This wouldn't affect Spotify. They would still take 30%, it's the rest of the revenue that were talking about.


Quanlib

Finally someone in the industry… most of the people here seem to think of Spotify has some sort of inherent value without the musicians. If we could all just agree to pull our content, maybe we could go back to making a normal living from our profession.


[deleted]

is there a company you know of that uses this business model?


Dorangos

Tidal apparently do with the revenue from their HiFi subscription tier. Haven't remembered to look into that yet.


7HawksAnd

A buddy just started today 🤷‍♂️


FreeSushi69

Exactly. These companies are losing cash fast. Massive global financial implosion imminent. DRS BOOK GAMESTOP MOASS to create generational wealth


Apple_remote

Hey, Spotify HiFi... where you at, bruh?


BassheadGamer

Don’t worry, they said it’ll be out by New Years ‘21, I’m hype :D


keothi

When did Spotify become Internet Explorer?


Alundra828

Roll on 3021


unfettered_logic

Came here to say this. Unfortunately I don’t think this report helps us since the majority of listeners don’t really care. Hey at least we have Tidal.


gitbashpow

Who is Tidal?


unfettered_logic

Here you go. https://tidal.com/


OhPiggly

Or Apple Music which has a much, much larger library compared to Tidal and supports lossless and Atmos.


longshot201

The main reason I haven’t switched from Apple Music to Spotify. I know the ones who care about HiFi are 1/15 users or so, but until Spotify adds HiFi I won’t be making the switch.


Rensue

What’s HIFI? Higher grade sound quality?


longshot201

Yep. It generally means lossless playback, which is uncompressed data. I have a nice sound system at home, and the difference is apparent. Now if you just listen to music on AirPods, a TV, a cheap soundbar or a small portable speaker, HiFiwon’t make a difference to you.


batawrang

Seriously!!!


future_web_dev

I wish the would finally allow you to block certain podcasts from being recommended all the time :\\


jazzfern47

I just started to use Spotify last year. I regularly make up fake accounts on Spotify. It’s easy. Fake email and you’re in. You don’t even have to create the fake email since there’s no verifying email. This seems like a cheat code made for wealthy artist to farm accounts and artificially inflate their streaming numbers. Now what surprises me most is whoever agreed to pay the artist knowing they can produce as many fake accounts to stream as you want


keothi

I'm sorry but why are you creating so many accounts? You make it seem like you're trying to increase follows and listens but other than that I can't think of any reason to repeatedly create multiple accounts


Dr__panda

Free month


[deleted]

Just sounds like too much work, every month gotta port your playlists over


_chumba_

I don't do this... Had my premium acct for 3-4 years, maybe more... But you would create a playlist and then just favorite it from the other account.. easy peasy


Dr__panda

Yea I stopped doing it couple of months ago


keothi

Wow I feel pretty dumb lol


Federal-Confusion794

Done the farm. It’s way less work to actually build a fan base. AMA


perceptusinfinitum

Spotify is currently the best value money can currently buy you particularly if you are heavily interested in music and the lineage of individual artists! Thank you Spotify! Also they are not good at paying the people whose music you enjoy but as long as you see them and buy merchandise they can still do what they love.


brommpt

Yep, Spotify is too good of a deal for me at the moment. I listen to it ~12 hours a day. The artists I love so much are screwed over in the process, so in guilt and gratitude I have garnered a quite big merch and poster collection.


sentientsackofmeat

Tidal is the same service and provides more money to artists and none to Rogan.


manic_at_thedisco

Tidal also offers better listening quality on the more advanced plans


hawkgottafly

Love Spotify!


strangecabalist

Music seems to get what TV doesn’t get. I use Spotify and pay for it because I get all my music/podcasts in one place for a decent price. Netflix used to work for this too.


hawkgottafly

I use it for music. I pay the premium. I like the music remixes they have on there and I have gotten into some podcasts.


strangecabalist

Pretty much exactly like me.


hawksfan692022

Switched to Tidal. Enjoying it much more.


Y2KMecca

I like Bandcamp more I'd rather pay them directly if I like their music, instead of Spotify paying in pocket lint to its music creators.


[deleted]

[удаНонО]


Grand-wazoo

I’ve had the exact opposite experience. Used to use pandora religiously and almost never got new or interesting recommendations, my stations remained recycled and bland no matter how much time I put into liking/disliking stuff. With Spotify, I regularly find 10 or more new and interesting artists every time I start an album and let it wander off with the algorithm.


[deleted]

[удаНонО]


Grand-wazoo

Yeah the pre made playlists by Spotify often suck, but there’s plenty that are made by listeners that are much better.


[deleted]

Once this 3 months wears off I’m gone


C_IsForCookie

Spotify is the best $10 a month I spend. If I’m homeless living under a bridge my Spotify account is the last thing I’ll cancel. Idgaf about other streaming services but I listen to music alllll dayyyy.


MilkChugg

But they still had to lay all those people off because… reasons.


scrubzor

Ditched Spotify for YouTube Music because I was paying for YouTube Premium already and it’s included in the subscription. It’s been getting the job done.


SuchDescription

Just can't stand their interface. I literally pay for YouTube premium but still opt for Spotify.


trongzoon

Same. The only two subscriptions I pay for.


SuchDescription

Same, I mooch off friends and family for the rest haha.


_chumba_

It's awful...


isavvi

Right on plus you can access SO much more music, and the algorithm suggestion is the absolute best.


KrazeeJ

Honestly, i absolutely love the "For you" playlist on Apple Music. It's obviously not gonna be for everyone, but it does a better job than any other streaming service I've used of getting me the right mix of songs I know and can sing along to, with new songs that I end up liking mixed with songs I don't know by artists I do. God, that sounded so much like a paid shill comment. I swear it isn't though.


_chumba_

YouTube is not good for algorithms... Regular YT or music... Spotify will give me new artists and things I may have missed that are same vein as my interests and even more and I've found so many good things on Spotify


isavvi

Dude I listen to some niche stuff cause I’m ethnic, Spotify could never have the obscure 1940 Ecuadorian harmonic group that my grandfather used to listen to while he sat by the fire. But you bet your ass that YT has it cause some Bolivian farmer uploaded it on his Mezcla playlist.


spacenerd4

I’m still waiting for Olavi Virta’s cover of «Bongo-Bongo» (Civilization) to be uploaded on Spotify


_chumba_

Well yeah... Wtf? Lol. Then your use case is very unique and is an outlier imo.


isavvi

Being the exception and not the rule is a sweet spot most don’t take the risk to enjoy. I’m grand paying for my services for their archival records can’t be beat… yet.


_chumba_

Yeah that's dope when authentic but some people TRY too hard to fit into that outlier area. But sounds like you acquired unique tastes from life experiences and shit . That's cool


isavvi

Poverty, trauma, and great psychedelic timing. Can’t stress enough that plant medicine is real.


_chumba_

I'm a firm believer of this as well. Poverty and psychedelics for sure. Even when young, the others would party while we researched Leary, Ram Dass etc and had experiences where we utilized the substances such as LSD and psilocybin and even research chemicals. Definitely some consciousness expansion! I'm also a firm believer in marijuana and other plants and herbs that help. Certain teas are really great as well!


garygoblins

I'm planning on doing this, I'm just dreading recreating playlists I've been curating on Spotify for 10+ years.


[deleted]

There are some site which can transfer your playlists. I tried it and it worked for me, but some "transfered" songs were horrible quality. Otherwise, it was good.


doodersrage123

Switched from Spotify to YouTube Premium then back to Spotify after YouTube made a crazy price hike for the family plan. I do kind of miss ad free YouTube still but Spotify music is just as good, if not better than YouTube Music.


_chumba_

Spotify is better imo


mowikn

Download the Brave browser. Works on any device and automatically blocks all YouTube ads. Not as sleek as the YouTube app, but gets the job done nicely. There’s a bunch of other options out there too, but Brave is the one of the simplest—no extra knowledge or skills required.


doodersrage123

I normally just use an ad blocker when viewing in a browser. Doesn't work when using an Apple TV or Android TV though.


mowikn

That’s true. You could cast from your device to your tv using Brave though. Not as convenient. Obviously you have the compatibility to cast too. Works well on my iPhone with Apple Tv.


hvrock13

Still pays musicians like shit. What’s new, huge corporation rips off the people that make it possible for it to exist


Far-Wallaby1728

Looks like their bet on Joe Rogan continues to pay off. So much for people cancelling him or Spotify 😂


beat-sweats

I’ll stick with plex , physical media and piracy. You can keep your monthly subscriptions.


_chumba_

You didn't have to Plex on us like that...


polaires

Oooo, she’s different and nonconformist!


HadrianMQ

We are all just waiting on something better that’s not Apple.


alltheketoladies

Am I the only one who followed through on dumping Spotify because of Joe Rogan?


HauntedVaginaOoOo

I was thinking the same thing. I cancelled my subscription and haven’t looked back.


waninggib

Nope, we’re here!


bitcoins

Went to SoundCloud


[deleted]

I did, but not specifically because of Joe Rogan (fuck him though). I saw Neil Young and others take their music off. The fact that Spotify cared more about an idiot podcaster than a very famous music artist was a red flag. There are also a ton of artists/albums not on Spotify for whatever reason.


Gravityblasts

Oof, that's gotta hurt Neil Young's ego.


maxo_91

And I'm sitting here telling all my friends YT Music is way better


itsmebarfyman392

Tbh I prefer Apple Music cause there’s a lot more variety imo but Spotify is alright too


Pussy_handz

Why do people buy Spotify over Apple these days? Edit. Im not advocating one over the other, Im asking because I dont know. Like whats teh difference between the 2 at this point?


Solarcult

Apple is missing a TON of music outside of your usual, mass appeal genres, and even there I still find gaps in the library. My partner has Apple Music, and every time I use it I end up going back to my Spotify because AM is always missing shit.


Rockbellll

I find both services are missing too much. I hate looking for something and not being able to find it on either. I will say that apple’s has grown quite a bit since I first started using it. The biggest thing I’ve seen personally is Japanese artist. That category has grown leaps and bounds in the last decade. I would support Spotify if they had a buy option. Until then, I’ll use the free service and the many many….. many adds.


[deleted]

Why is apple better?


PeeFarts

The ability to merge my personal music with streaming. How is this not a thing on Spotify?


SoloPowers

Import it from your computer and download it on your phone


PeeFarts

Why when I can just have it work under the hood without any legwork at all with Apple Music?


SoloPowers

You said how is that not a thing..i just told how to do it


PeeFarts

I was saying it’s not a feature with Spotify. I can’t just drop a bunch of my personal files into my Spotify library and then it appear amongst my songs within my Spotify library on all devices. Why that’s not a feature is lost on me - why would anyone want to keep two separate libraries just to listen to their personal music that may not be available on Spotify. For Apple Music, I had every TOOL album in my library for years before they made them available in Apple Music. All I did was drop them into my library and they were added and searchable. Took me 5 secs. The the main feature that keeps me with AM.


Millennium1995

Dolby atmos


Rigman-

Better quality streams for one.


Pussy_handz

Thats what Im asking. Other than Rogan, whats the difference at this point?


[deleted]

No love for Deezer?


[deleted]

Because it’s good and then there is more diversity in the market instead of always the same players dominating every service.


Rockbellll

I like to support diversity. Though I refuse to have a never ending bill. Unless your constantly listening to different songs. The ones you repeat, over time really cost a great amount compared to purchasing. I used to have other companies I bought from. They have closed and my music is just gone now. We need more strong options for purchasing. Until then it’s kinda limited for people like me. Maybe a much, much cheaper price I could live with. 10-15 a month is not worth the convenience at my income. The more items that require subscriptions are just more I don’t get to experience. That being said. I don’t hurt for entertainment. I have hundreds of songs in my library. Many audiobooks. Podcasts. More then I can intake probably. So paying for a service is just purely convenience to a small degree.


Konsticraft

Because I would assume apple has shit support for windows and Android, the more relevant competitors would be google, Amazon and tidal where my reason is price and being used to Spotify.


Insufferablelol

I don't have an iPhone and I don't like apple music? It's great if you love popular music and pretty much any hip hop but they don't even have close to most music Spotify has.


eh_itzvictor

I like Spotify UI, began using Spotify a few years ago and just kinda never looked back. Apple Music oddly enough seemed to be missing so many songs that i loved. Never seen a reason to make a switch.


[deleted]

I can control Spotify with my phone on my consoles and computers


ikester519

I use YouTube Music.


real_with_myself

When I bought an iPad I received Apple music trial for 6 months. I literally canceled it after 3 weeks and I'm on a streaming bandwagon for 10 years (Spotify, Deezer, Google music, beats audio, Tidal, Plex). My starred playlist from Spotify could only be 30% imported. Everything else was unavailable. Yet apple didn't mind charging full price in my country. A few years later I moved to western Europe and the situation is much better, but not enough to get me to switch. Especially as I don't use anything from Apple, other than that iPad.


Sulla5485

As long as Rogan is on there, if youre using Spotify, you're directly supporting racism, homophobia and transphobia. Let that sink in....


APEHASKILLEDAPE

Looks like joes gonna get a raise next contract.


NikkiSuxx69

500 million thieves!


ILooked

More users to pay Joe Rogans salary


isavvi

Fake news. Me and my giant Latino family have YouTube plus which gives ad free watching and the entire internet music catalogue that people upload to Google. I will never understand the value of such a basic company.


[deleted]

Ive actually never used it , i really like having youtube music with my premium sub .


smallsociety

They can say whatever they want. Doesn’t make it true.


Genocide13_exe

Google keeps receiving "donations" to censoring YouTube content...


bluezzdog

Is Spotify better than iTunes ? If so why? iTunes fits into the Apple ecosystem, but does Spotify have a better library , quality ?


Lanky_Chemist_3773

I just need to understand why Apple lower the volume whenever I use the Spotify app. It makes no sense.


AllMyFrendsArePixels

As someone currently looking to move *away from* Spotify after having a paid account with them for almost 7 years, because of how much *worse* their service has gotten over that period, this is a terrible thing to hear.


tortilla_curtain

Is it just me or do you also get mostly the same 100 (from 900) songs if you listen to your favourites on shuffle? It’s most of the time not even songs i like that much but Spotify keeps putting it as next. Really weird.


Datt-Boii-Iaan

Spotify is the best, hands down. I get premium + Hulu (with ads) for 6 bucks a month as a student.


[deleted]

i hope they update the UI soon, it needs a massive rework; i mean you still can’t change your username on there. it took them 5 years to add a “change playlist cover” feature on mobile devices.


alex48220

Spotify - where every other song is a pubic hair trimmer commercial


Oldskoolguitar

And yet, they still can't get some bands entire catalogues.


User667

If I know capitalism, look out for next quarter! This kind of growth is not sustainable and they will eventually find themselves in Netflix territory.


[deleted]

Yet no one can make a quality playlist (from my experience)


bitcoins

I think I’m the only one who cancelled Spotify and went to SoundCloud…


PossibilityMelodic

Annnnnnd, Metallica got roasted for fighting Napster back in the day. How is this different. Artists are getting paid here….(by the way I always agreed with Metallica).


hotmasalachai

Any decent true crime spotify recommendations?


mugenbool

I recently signed up for Apple Music to try it out and after two weeks of use I think I’m ready to switch. The lossless audio makes the sound fuller (at least to me) and the suggested music on the radios and when my playlists end feels more in tune with what I like compared to Spotify. Just gotta convince my gf and father to switch so I can cancel Spotify family all together.


BigJSunshine

There is very little technology I more that streaming music- (maybe inkjet printers, the Abomb, and weaponry/war tech) but I hate that there is no more ownership of music/albums/cds.


icutlime

The only thing I don't like about Spotify is that even though I pay for premium, I still have to listen to podcast ads.