this post was submitted on 09 Feb 2024
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When people push listening on Spotify even though the podcast is available everywhere else I roll my eyes.
One of my main motivations for cancelling my Spotify subscription was their insistence on capitalising on podcasts. They have a perfectly fine business model with music, why do they need to ruin podcasts?
Because they don't have a perfectly fine business model. They get squeezed hard by both the oligarchs of music publishing UMG, Sony Warner who negotiate the price for the music. And from the other side by the tech giants google and apple who can cross service subsidize their own streaming.There exists essentially no space for them to make any profit in streaming music. So they have to go other places.
The only reason they'll probably exist for the foreseeable future is because the rights holders are able to use Spotify to have more negotiating power against Google and apple.