Will Spotify and Apple lose music the way Netflix has lost movies and shows?
Netflix and others are losing movies and TV shows to startup streaming services owned by content providers. Will music catalogs become fragmented in the same way?
Netflix
Netflix ($NFLX) is an international, subscription-based television and movie service based in Los Gatos, California. The company operates a global streaming service with thousands of TV shows and movies, including some originals, as well as a direct-to-home DVD rental service. As of January 2023, the company had over 231 million subscribers worldwide.
Key Data:
- 231 million subscribers globally
- 74.296 million subscribers in the U.S. & Canada
- ARPU: $16.23 (U.S. & Canada), $10.66 (global)
- Base tier cost: $15.50 per month (U.S.)
(Source: Company earnings report, updated January 19, 2023)
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