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MarketBeat
MarketBeat
Jeffrey Neal Johnson

The Sound of Money: How Spotify Turned Audio Into Profit Power

Spotify Audio SPOT Spotify Technology Netflix MarketBeat

While major financial news focuses heavily on the expensive streaming wars being fought by video powerhouses like Disney (NYSE: DIS), Netflix (NASDAQ: NFLX), and Amazon (NASDAQ: AMZN), a less-publicized, yet arguably more definitive, success story is drawing to a close in the entertainment sector's audio segment. The battle for video eyeballs has become a war of attrition. It is characterized by massive, escalating production budgets and fickle subscribers who often cancel their services the moment a hit show ends.

In stark contrast, Spotify Technology (NYSE: SPOT) has effectively secured a monopoly-like status in audio. It has transformed from a simple music application into a comprehensive global utility.

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