Our strategy [with] our marketplace side of the business is the same as the rest of Spotify… it’s a freemium business, meaning there will be a certain amount of products which artists and labels can get for free, and there are others which we will charge money for - Daniel EkEver since Spotify started talking about a ‘two-sided marketplace’ at its New York Investor Day in March, the labels have known this was coming. It has been made known to the industry officially. Ek also carified that data is not going to be one of the paid for services which is music to the ears of A&R companies that are based on AI to find new talent. He said that Spotify expected to move from a handful of licensing deals with large players to
Lots and lots of deals that will happen [with] individuals as artists and labels are purchasing more services. - Daniel Ek
The pace of product innovation is slower than we anticipated - Barry McCarthyEk said:
Overall, it’s not a big surprise to know that when you look at engineering, machine learning, big-scale engineering, those are all skills that are widely demanded in the marketplace. For us, it’s not really about volume [of hiring], it’s about finding the right quality, and that’s not something that [differentiates] Spotify [from] any other technology company in the world.
When you think about something like radio, the truth is that the vast majority of the minutes that are being spent on radio today haven’t yet moved online,” said Ek. “Our opportunity really is gigantic when you look at that, and there aren’t too many companies in the world that are focused on that opportunity of bringing audio online. - Daniel EkIf Spotify increase the presence of podcasts on its platform, the amount of royalties paid out to record companies would reduce.
Family and Student plan growth has caused a reduction in ARPU. The marginal downward pressure on ARPU has moderated as the installed base of Family and Student plan subscribers has grown. However, subscriber growth in low ARPU regions like Latin America, Southeast Asia, and other newly launched markets could add incremental downward pressure on ARPU.
I really can’t make any comments on any deal negotiations at this point
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