Counterpoint: almost no one I know uses it. It was fun at first but became boring fast, a bit like Netflix. If I want to listen to music I use youtube.

Because any growth in profits that spotify sees will quickly be eaten by music rights holders.

They will never be able to, regardless of how much they pricing the platform, the music majors will renegotiate and ask all of their profits.

"The video starts by talking about how Spotify has become the dominant force in the music industry. In 2018, Spotify had over 200 million users and was paying out over $5 billion in royalties to artists. However, the video also points out that Spotify is not a very profitable company. In fact, Spotify has lost money every year since it was founded in 2006.

So, how does Spotify make money? The answer is that Spotify makes money by selling advertising. In 2018, Spotify generated over $1.2 billion in advertising revenue. This means that Spotify is essentially a media company that just happens to also offer music streaming.

The video also discusses the impact of streaming on artists. On the one hand, streaming has made it easier for people to discover new music. This can be a good thing for artists, as it can help them to reach a wider audience. On the other hand, streaming has also led to a decline in album sales. This is because people are no longer willing to pay $10 or $20 for an album when they can stream it for free on Spotify.

As a result of this, many artists are now struggling to make a living from their music. In fact, a study by the Berklee College of Music found that the median income for a full-time musician in the United States is just $20,000 per year.

So, what does the future hold for the music industry? The video argues that the music industry is in a state of flux. It is unclear how artists will be able to make a living in the future, and it is also unclear how Spotify will be able to continue to grow its business."

That is why Spotify are desperately trying to produce their own content, most notably in the podcast space, and I suspect why they also recently branched out into audiobooks, as every hour spent listening to an audiobook displaces a dozen or so royalty-generating song plays.

For those against clicking:

00:00:00 - 00:15:00

The author of the video argues that Spotify will ultimately fail due to the high cost of membership, the fact that streaming services pay independent musicians less than traditional music platforms, and the company's neglect of its only asset - its artists.

00:00:00 The author of the video argues that Spotify will ultimately fail because of the high cost of membership and the fact that streaming services pay independent musicians less than traditional music platforms.

00:05:00 The author of the video makes the case that Spotify will eventually fail because of its business model, which relies on rapid growth and unsustainable levels of value in the music industry. He argues that if Spotify's independent musicians were paid more fairly, the platform would be unable to survive.

00:10:00 The author of the video argues that Spotify will eventually fail due to the company's neglect of its only asset - its artists. The author believes that this neglect will lead to the eventual collapse of the streaming music industry as a whole. However, he also believes that this collapse will be hastened by the fact that for-profit companies are required to eventually pay their investors as little as possible.

00:15:00 The author of this video argues that streaming services like Spotify will ultimately fail because they rely on artificial scarcity (i.e. the notion that there are not enough songs available to listen to on the platform). They suggest that instead of using streaming services, musicians should focus on releasing their music on their own platforms, such as Bandcamp or their own website.