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'The Death of Spotify: Why Streaming is Minutes Away From Being Obsolete'
The music industry deeply dislikes Spotify, except for Spotify employees. Spotify exploits artists, hindering community growth while struggling to generate substantial profits. The streaming model is intrinsically flawed, and its eventual failure is becoming increasingly apparent. Major labels are secretly worried about the future of streaming services. Standalone music platforms face financial challenges as their margins are under pressure, negatively impacting artists. Jimmy Iovine highlights the weak profit margins of streaming services, making them unsustainable. Giants like Apple and Amazon can subsidize their music platforms, unlike Spotify. Artists are the first to suffer when streaming platforms face financial strain. Direct ownership and building micro-communities are crucial for artists' survival. Shifting focus away from streaming and prioritizing high-margin revenue streams is essential. The shift is from a mass audience to cultivating individual fan engagement.