Digital subscriptions are showing remarkable growth during the COVID-19 pandemic. Netflix made twice as many subscribers as it had initially projected in that quarter, and Disney Plus has 50 million subscribers mere months after releasing, of which 8 million are paying for Hotstar in India. But Spotify hasn't seen that kind of a dramatic single-quarter growth - the company had forecasted 126–131 million total paying subscribers for this quarter, and it has reached 130 million. One would think that as far as the Swedish music streamer is concerned, there wasn't even a pandemic. And that's exactly why the company is in an enviable position. The company has an advantage that is in tremendously short supply: predictability. Video streaming services like Netflix might have to suffer a slowdown later this year because many subscribers who would have signed up later are doing so right now; and some might drop out later as lockdowns and stay-at-home orders phase out. Netflix even acknowledged that risk in its earnings call. But music streaming is not bound by time and space in the same way that video is — you can listen to music anywhere as long as you are not talking to someone else. Video streaming services have only recently started making portability a priority, with Netflix and Prime Video introducing a download feature as recently as 2017. No reduced productivity: Since only a small share of Spotify's revenue comes from ad-supported users, the company has been able to absorb the shock of reduced ad…
- RBI increases UPI and recurring transaction limits for certain categories December 8, 2023
- The Quantum Hub discusses concerns on age verification and children’s data processing under India’s data protection law December 8, 2023
- India’s central bank to set up cloud facility for financial sector December 8, 2023
- Navigating the Complexities of Open Source AI: Insights from Carnegie India Summit December 8, 2023
- Supreme Court Dismisses Plea by Foundation for Media Professionals on Internet Shutdowns December 8, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...