Ringtones Are Still Bigger Than Spotify, Rhapsody, & Rdio Combined...
Digital Music News - Ringtones Are Still Bigger Than Spotify, Rhapsody, & Rdio Combined...
and...
Spotify Has 600,000 US Subscribers; Frustratingly Low Conversion Rates...
Digital Music News - Sources: Spotify Has 600,000 US Subscribers; Frustratingly Low Conversion Rates... Quote:
"Since last June, Spotify has signed up 3 million US subscribers. About 20 percent — or 600,000 — pay for the service."
? The Post's Claire Atkinson, based on source information.
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the problem is that, Spotify, Rhapsody, etc... need a baseline of 30 Million Paid Subscribers to get to any kind of revenue that would make payouts to artists make sense... in the meantime, artists and labels are jumping ship due to low payments, which means the race to the bottom has begun.
either the streaming sites need to get real about artists payments or expect ongoing attrition... will be interesting to see what the major labels do when their licenses come up for renewal...
oh, and then there's this... burn rate... and how much of the capital being raised is going to artists?
Digital Music News - Yes, Spotify Is Raising a Seriously Gigantic Round... 
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