The recent price rise for Apple Music’s subscription and a foreseeable price increase for Spotify would enhance music sales in the United States and throughout the world and have an influence on library values.
Increased rates for Apple Music and Spotify’s individual plans can result in hundreds of millions of dollars more in subscription income each year in the United States.
What Is The Expected Revenue?
The expected incremental earnings from these pricing hikes for streaming services is around $650 million per year. That is predicated on a 7% increase in subscriber growth in 2023, no further churn, a whole year of price increases, and higher costs including both self-paid and promotional subscription plans.
Will Every Aspect Be Affected?
A tiny amount of…
To read the full article, click here.
