"Think of nearly any song and pull it up instantly on Spotify. Can’t get enough rockabilly in your life? Create a dedicated radio station on Pandora. In a streaming world, the era of music ownership is over.
Or is it? Despite their increasing popularity, these services are hemmoraging cash in the face of tough license agreements and mounting content acquisition costs. In truth, we’re still in a period of transition. People are consuming more streaming media than ever, but record labels, movie studios and TV networks are still figuring out how to license it profitably.
We hold out hope they’ll get it right, and that great apps like Pandora and Spotify live to tell the tale of how they got into the black. For now, we can only gape at these disturbing numbers, charted for us by Statista.com."
Link to original post on Mashable.com
Or is it? Despite their increasing popularity, these services are hemmoraging cash in the face of tough license agreements and mounting content acquisition costs. In truth, we’re still in a period of transition. People are consuming more streaming media than ever, but record labels, movie studios and TV networks are still figuring out how to license it profitably.
We hold out hope they’ll get it right, and that great apps like Pandora and Spotify live to tell the tale of how they got into the black. For now, we can only gape at these disturbing numbers, charted for us by Statista.com."
Link to original post on Mashable.com
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| Pandora's Content Costs Outpace Revenue Growth - Infographic from Pandora |
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| Will music streaming ever be profitable - infographic from the New York Times |
