Spotify is in a spot, and new mass layoffs could mean that price hikes are imminent
CEO Daniel Ek commented in the company’s layoff announcement that “in 2022, the growth of Spotify’s operating expenses outpaced our revenue growth by two times,” and that the situation was “unsustainable long-term in any climate.” Spotify is clearly in hot water, and Ek’s statements seem to indicate that costs for the service, which has maintained a stable $9.99 / £9.
Apple Music and Amazon Music Unlimited also both provide tracks and full albums in Spatial Audio – essentially Dolby Atmos for music – and so does Tidal, another music service that delivers lossless streams, and does so at a $9.99 / £9.99 per month cost. Spatial Audio, which can be experienced on either headphones or a full home theater speaker system,with its sound quality and is one of the more exciting advancements to come to music listening in decades.
The cost for both Apple Music and Amazon Music Unlimited can also be lessened by buying into either of those companies’ larger bundled subscription services. Apple offers its Apple One bundle, which includes Apple Music, Apple TV Plus, Apple Arcade, and 50GB iCloud Plus cloud storage for $16.95 / £16.95 for an individual plan, and $22.95 / £22.95 per month for a family plan with up to five accounts. If you’re an Apple user, you’re getting a lot there for your money.
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