Spotify is the king in relation to streaming music. By way of music-related movies, although, TikTok and YouTube appear to have a stronger foothold in that area. Now, although, it seems like Spotify may be hatching a plan to have a extra outstanding video presence.
Bloomberg reports that Spotify is “contemplating including full-length music movies to its app,” and that they’ve “already begun speaking to companions in regards to the product, in line with individuals acquainted with the plan who requested to not be recognized as a result of they weren’t approved to discuss it publicly.” Spotify declined to remark for the story.
In the meantime, Spotify CEO Daniel Ek not too long ago stated Spotify might elevate its costs quickly. He said, “I feel we’re prepared to lift costs, I feel now we have the flexibility to try this, nevertheless it actually comes right down to these negotiations [with major music industry stakeholders]. […] We did elevate costs in 46 completely different places and markets final yr, and even in these markets, we have been nonetheless out performing. I really feel actually good about our potential to lift costs over time — that now we have that potential — and now we have a lot of knowledge now that backs that up. […] We’re working with our label companions to work […] to determine what’s the most effective alternative to try this. And that’s a extra advanced commerce. When the timing’s proper, we’ll elevate it.”