Coming off a year of heavy net losses, Spotify, the world's largest music streaming service, is attempting to negotiate better terms with record labels as it prepares for a potential initial public offering next year.
Apple's planned changes to the App Store still don't address some fundamental problems, a Spotify executive said on Thursday, hinting that the music service's in-app subscription fees are likely to remain unchanged.
Spotify has actually seen its business accelerate since Apple Music was launched in June 2015, a vice president with the company said on Monday, crediting the extra attention drawn to streaming services.
Subscription music streaming service Tidal announced Tuesday that it has 3 million paid subscribers who signed on in its first year of availability, a number that lags behind the likes of Apple Music and Spotify.
In the face of intense competition from Apple Music and free alternatives like YouTube, streaming provider Spotify is working to entice consumers to sign up for its premium service by offering Google's Chromecast gratis to new subscribers.
Streaming music giant Spotify is apparently buckling under the load of increased competition from the likes of Apple Music, as a report on Tuesday claims the service is considering a new content "windowing" policy that would make music from select artists available only to paying subscribers.
Most consumers still using the three-month free trial of Apple Music say they are likely to continue paying for a subscription after the period ends, new survey data shows, though a significant portion may have dropped off soon after trying the service.