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India is blocking TikTok's owner from offering music streaming as the company looks to build a Spotify competitor

Business Insider

Business Insider · 1y ago

India is blocking TikTok's owner from offering music streaming as the company looks to build a Spotify competitor

TikTok's parent company, ByteDance, is closing down its music-streaming app Resso in India after the government ordered its removal from app stores. This comes as TikTok launches a separate music app in five countries. Despite being banned in India since 2020, TikTok has continued to grow globally, surpassing 1 billion users. While TikTok Music expands to compete with Spotify and Apple Music, there are currently no plans to launch it in the US. The shuttering of Resso coincides with TikTok's efforts to expand its influence in the music industry through live events and artist services.

Related News

TikTok to shut down music streaming service

Livemint

Livemint · 11m ago

TikTok to shut down music streaming service

TikTok is shutting down its music service, TikTok Music, just two years after launching it to compete with Spotify and Apple Music. The platform will close on November 28, and users are advised to transfer their playlists to other services by October 28. TikTok's move into music streaming initially aimed to capitalize on the popularity of viral TikTok songs and help break new artists. However, the platform has faced clashes with record labels over compensation for musicians and royalties.

Amazon begins layoffs in music streaming unit

Economic Times

Economic Times · 1y ago

Amazon begins layoffs in music streaming unit

Amazon has started layoffs in its music streaming unit amid intense competition from rivals like Spotify and Apple Music. The company is restructuring its music team and cutting a number of positions, including those in marketing and artist relations. This move comes as Amazon Music faces increasing challenges in the highly competitive music streaming industry.

Spotify VS Apple Music: The Streaming Showdown

StartupTalky

StartupTalky · 1y ago

Spotify VS Apple Music: The Streaming Showdown

The article compares Spotify and Apple Music in various aspects such as content, features, platform compatibility, exclusive content, and sound quality. Spotify stands out for its podcast integration and social features, while Apple Music excels in offering lossless and spatial audio. Both platforms have their strengths and cater to different preferences. It ultimately comes down to individual needs and preferences when choosing between the two. Other streaming platforms like Tidal, Amazon Music, and YouTube Music are also mentioned as alternatives.

Spotify adds video learning courses in latest experiment

The Verge

The Verge · 1y ago

Spotify adds video learning courses in latest experiment

Streaming service Spotify is launching an experiment in the UK, offering video-based online courses alongside its music, podcasts, and audiobooks. Four course providers, including BBC Maestro and Skillshare, will offer content ranging from music production to business skills. The courses will be accessible on mobile and desktop platforms within the Spotify app, and users will have access to at least two lessons for free, with full access available for a fee. Spotify is aiming to tap into the growing trend of users seeking educational content on its platform.

Spotify dominates audio streaming, but where are the profits?

Livemint

Livemint · 1y ago

Spotify dominates audio streaming, but where are the profits?

Spotify dominates the audio streaming industry with its 30% market share and over 600 million users. However, despite its success, the company has not been consistently profitable. While it pays music labels almost 70% of its earnings from music streaming, its foray into podcasting and concert ticketing has been less lucrative than expected. Spotify is also behind in rolling out high-fidelity lossless audio. The company has made recent cuts in its workforce and aims to achieve sustained profits through its expansion into audiobooks and partnerships with artists and labels.

Spotify to test full music videos in potential YouTube faceoff

Economic Times

Economic Times · 1y ago

Spotify to test full music videos in potential YouTube faceoff

Spotify is testing full-length music videos for premium subscribers in a limited beta launch, stepping into YouTube's territory. The feature will be available to premium users in select countries, including the UK, Germany, Italy, and Brazil. Spotify aims to reach 1 billion users by 2030 but faces competition from YouTube and Apple Music. The music streaming company had previously introduced short video clips for artists. Spotify has been expanding its services to include podcasts and audiobooks to attract more users. As of February, it anticipated having 239 million premium subscribers in the current quarter.

Streaming music is a brutal business. Just ask Spotify.

Business Insider

Business Insider · 1y ago

Streaming music is a brutal business. Just ask Spotify.

According to a report by The Wall Street Journal, Spotify's attempts to expand beyond music streaming have failed. The company had ventured into podcasts, concert tickets, super-high-end audio, and audiobooks, but none of these endeavors proved successful. The report highlights the difficulty in making money in the streaming music business, with Spotify facing high costs due to its licensing agreements with music labels. Despite these challenges, investors remain optimistic about Spotify's future, and the company continues to rely on its partnership with major music labels to ensure its success.

Spotify is letting authors market like musicians

The Verge

The Verge · 1y ago

Spotify is letting authors market like musicians

Spotify is introducing a new feature called Countdown Pages, which allows audiobook authors and publishers to promote their upcoming releases. Building on a similar feature already used by music artists, Countdown Pages let fans pre-save audiobooks and automatically add them to their library upon release. The feature, set to launch in mid-April, aims to differentiate Spotify as an audiobook provider and engage fans in a way that mirrors the music industry's promotional strategies. This move aligns with Spotify's approach of offering audiobooks through premium streaming rather than traditional purchasing models.

Spotify to increase subscription price in France to counter new music-streaming tax

TechCrunch · 1y ago

Spotify to increase subscription price in France to counter new music-streaming tax

Spotify is planning to increase subscription fees in France in response to a new tax on music-streaming services in the country. The proposed tax would impose a levy of between 1.5% and 1.75% on Spotify and its competitors, with the funds going to support the French music sector. While all the companies are opposing the law, Spotify is the most vocal due to its market dominance in France. The company has not disclosed the exact increase but said it would make French users pay the highest subscription fees in the EU.

Spotify says its iPhone app updates in the EU are getting held up by Apple

The Verge

The Verge · 1y ago

Spotify says its iPhone app updates in the EU are getting held up by Apple

Music streaming giant Spotify has accused Apple of stonewalling compliance with a European Commission ruling. The dispute between the two companies comes after Spotify submitted an app update to Apple, which included links to Spotify’s website and information on subscription pricing options. The move was in response to a ruling declaring Apple’s anti-steering rules illegal, and ordering the company to permit developers to include information on alternative music subscription services. Spotify claims that Apple has neither acknowledged nor responded to its submission, preventing further updates to the app.

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