Spotify

“If Spotify is better than Apple Music, it's because of the recommendation engine. It's not because of the right music rights. So does Apple need to own the music rights? No.”

“I'm not going to judge how well Spotify's push into podcasting is going, which they're clearly doing because it's massively better, has a structurally massively better margin structure than paying record labels per stream in this content that they can actually…”

“A podcast, publishing a podcast of itself, there's no network. You will only get an audience if you have it from someone else on Twitter, on the web, or something. Or if Apple or Spotify choose to put you on the front page and choose everyone and pay everyone,…”

“This has become particularly an issue for Spotify because Spotify has this structure of their agreements with the record labels. So they're giving the record labels a fixed percentage of the consumer spend. So they can't give Apple 30% because they don't have …”

“What the tech industry always wanted to do was to turn TV into YouTube or Spotify. That is to say, or what YouTube or Spotify then became, which is you've got this single universal library of everything, and you pay one fee, that's a reasonable amount of money…”

“UMG are saying to streaming music platforms, you can't, you have to stop people straining or training on the library. You can't Let someone train a music generation AI on the Spotify corpus.”

“With all of these subscription models, you're capping your whales. So with music, you had a small number of people who were paying a hundred dollars a month or more, whatever it was, and now they can only, for CDs, now they can get everything for 10 dollars a …”

“Spotify, of course, is still twice as big as Apple Music or anything else in the EU, so they've done just fine despite this rule.”

“Apple has just got its first first find from the EU. Two billion euros over Spotify, and also there's a bunch of to-ing and fro-ing over exactly how it implements the DMA and rules for third-party apps and Epic and web apps and so on.”