To that effect, Spotify is the key global scale player in streaming music. It's really kind of on things like product differentiation and network effects. There isn't the price competition that you see in streaming video.
On the streaming media side, the dynamic where the major labels own a significant majority of the content and are also basically dependent on the streaming platform, such as Spotify and Apple Music, to power industry growth, makes that a much more stable contingent. So what we see in the competitive environment for streaming music is a lot more stable environment than you see, for instance, in streaming video, where content owners are increasingly taking ownership of their content, walling it off, going directly to consumers. Andrew, great to have you here.Īll right, so first and foremost, the Spotify kind of bullishness here, how does that continue to hold up, even in the face of an install base that Apple has, a number of users that are on the even Amazon Music services, and how do they continue to kind of outlast that competition from your perspective?ĪNDREW MAROK: Great, and thanks for having me on. Here to break this all down is Raymond James internet and digital media analyst, Andrew Marok. BRAD SMITH: Raymond James upgrading Spotify to outperform, noting that the platform remains as the market leader in streaming music with key competitive advantages, despite unchanged challenges facing the business.
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