您现在的位置是:百科 >>正文
【】
百科34241人已围观
简介Music industry mogul Jimmy Iovine -- who recently voiced concerns about the future viability of musi ...
Music industry mogul Jimmy Iovine -- who recently voiced concerns about the future viability of music streaming -- will leave Apple Music this year, according to a。 Billboard。Billboard。
report. 。
Iovine helped Apple launch its streaming service back in 2015. Since then, Apple Music has grown dramatically, acquiring 30 million paid subscribers, second in the world behind streaming powerhouse Spotify, who yesterday announced hitting 70 million subscribers.。SEE ALSO:Spotify's massive $1.6 billion lawsuit reveals how it must adapt if it wants to survive 。
The music site Hits Daily Double first reported that Iovine's departure will happen later this year, and Billboard followed by reporting Iovine will leave when his stocks become vested (agreed upon time for Iovine to get rights to his Apple stocks).。

By signing up you agree to our Terms of Use and Privacy Policy.。
Thanks for signing up!。
"The streaming services have a bad situation, there's no margins, they're not making any money."。
An Apple Music subscription, like Spotify, costs $9.99 per month and plays ad-free music. Apple says it has 40 million songs in its catalog -- while Spotify has about 30 million. 。
But while these subscriptions numbers are impressive, Iovine wasn't convinced that streaming companies, in their current form, could be profitable. At a dinner event in September 2017, Iovine took questions from reporters about the state of the streaming service, and he answered candidly.。
As Billboard reports, Iovine was skeptical about how streaming companies (or divisions within a company) can be profitable on their own -- without the backing of massive tech firms that sell other tangible products:。
"The streaming business is not a great business. It's fine with the big companies: Amazon, Apple, Google... Of course it's a small piece of their business, very cool, but Spotify is the only standalone, right? So they have to figure out a way to show the road to making this a real business." 。
Indeed Spotify, while having generated billions of dollars, reported a $601 million dollar loss in 2016. Its sales in 2016 did double -- but there are still questions about longer term profitability. In 2017, the still-private company's losses are assumed to have continued, though it had recorded an impressive $2.2 billion in just the first half of 2017.。
While Spotify's growth hasn't been hampered by a slew of copyright infringement lawsuits, Iovine suggested last year that the streaming business is generally in a precarious place -- though hardware giants like Apple can weather the losses. Perhaps, mused Iovine, Amazon might simply come along with its own cheaper streaming service, and dominant the streaming industry -- perhaps without making any money. 。
"The streaming services have a bad situation, there's no margins, they're not making any money," he said. "Amazon sells Prime; Apple sells telephones and iPads; Spotify, they're going to have to figure out a way to get that audience to buy something else. If tomorrow morning [Amazon CEO] Jeff Bezos wakes up and says, 'You know what? I heard the word "$7.99" I don't know what it means, and someone says, 'Why don't we try $7.99 for music? I heard the word "$7.99" I don't know what it means, and someone says, 'Why don't we try $7.99 for music?' Woah, guess what happens?"。
Featured Video For You。
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“夫榮妻貴網”。http://new.maomao321.com/news/0a4899951.html
相关文章
This chart shows just how high Simone Biles can jump
百科American gymnast Simone Biles has dominated the Rio Olympics with five medals (four of them gold) bu ...
【百科】
阅读更多U.S. to collect and store DNA from teenagers detained at the border
百科U.S. Customs and Border Protection somehow just managed to get even more handsy when it comes to you ...
【百科】
阅读更多Lizzo credits viral tweet for the most iconic line in 'Truth Hurts'
百科The most iconic line in "Truth Hurts" originated with a tweet, and now that writer appears to be get ...
【百科】
阅读更多
热门文章
- Here's what 'Game of Thrones' actors get up to between takes
- GM takes on Tesla's Gigafactories with $2.3 billion facility in Ohio
- Planning to buy a Google Pixel 4? You should absolutely wait a few days
- New Xiaomi phone will have a 108
- One of the most controversial power struggles in media comes to a close
- Look! No hands (or feet) needed to fly this autonomous helicopter.
最新文章
Chinese gymnastics team horrifies crowd with human jump rope
Americans trust Google and Amazon more than Tom Hanks, report finds
Messenger gets Star Wars theme, complete with stickers and AR effects
Hillary Clinton trolls Trump with a 'letter' from the JFK archives
New Zealand designer's photo series celebrates the elegance of aging
Netflix's 'Let It Snow' is bursting with holiday cheer: Review