Why Rdio died(theverge.com)

over 6 years ago from Pedro Pinto, Product

  • Drew AlbinsonDrew Albinson, over 6 years ago

    And yet even with more than 75 million users and 20 million paid users, Spotify still isn’t profitable. It remains to be seen whether Apple or Google can turn their own streaming offerings into viable businesses — or whether they will simply use music as a loss leader to draw consumers further into their respective ecosystems, making the money back on hardware sales or other services.

    It's strange how streaming subscriptions are overtaking downloading/purchases but aren't even profitable. It's sad that Rdio's (somewhat feeble) attempt at a sustainable business model helped ruin them.

    0 points