Spotify’s free streaming model now faces competition from Google, Amazon
Spotify’s free streaming model now faces competition from Google, Amazon
Spotify is in an odd place as the company releases its latest earnings report Monday. The streaming service rules its industry with 36 percent of the global market, as of last year, but its competitors are some of the world’s largest companies—namely, Google, Apple and Amazon. Now this month, Google and Amazon have both created new, free, ad-based tiers of their music services, cutting at Spotify’s main profit model.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.
