It appears Spotify may well be expanding into video streaming, and competing directly with the likes of Netflix and YouTube. Is this a smart move, or is Spotify punching above their weight? With over €1 billion (about $1.2 billion) in revenue, and 15m paying subscribers, one would expect Spotify to be in a pretty healthy financial position. So, naturally we’d be forgiven for believing rumors of Spotify’s expansion into video as a successful company’s fierce growth tactic. In truth though, last year the company suffered a €165 million (about $185 million) operating loss. Music streaming really isn’t that profitable. So with Spotify...
Read the full article: Spotify vs Netflix: Is There Room for Both with On-Demand Video?
Spotify vs Netflix: Is There Room for Both with On-Demand Video?
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