Apart from that, the companys workforce has grown to 154,000 employees. Almost 10% of Spotifys revenue comes from paid advertisements from the brands. The methodology with which the competitors of Spotify are ranked is based on a variety of factors. While Tencent itself was founded in 1998, its music streaming platform had only been established in 2016. Around 5,000 people working for YouTube with annual revenue of $15.1 billion. For example, mobile streaming on the freemium version stops as soon as you minimize the app. The company had 6,554 employees and generated $9.5 billion in revenues in 2020. It was delisted from the New York Stock Exchange as a result of the purchase. The opposite, however, is not true for YouTube Music subscribers. Tencent Music Entertainment has more than 71 million paid users and more than 30 million soundtracks. The company generates $ 7 million in revenues. TIDAL has allegedly struggled to push its subscriber count past the 1.5-million-mark. Spotify ranked second with 20%, while Amazon came in third with Prime Music and Music Unlimited collectively reaching 12% (MIDiA). Users can access Users need to move onto other social media apps to share music insteadthis extra step adds a disruption to the user experience. Google Play Music was launched in 2010, by the internet giant Google, as an android app. - Pros: Rhapsody has the best current queue management. It had previously raised $8.8 million in funding. The company is listed on the New York Stock Exchange under the ticker symbol SPOT. Amazon Music and Spotify both have. Its popularity even led to the creation of the term SoundCloud Rapper, namely hip-hop artists that became popular due to the platforms reach. Spotify needs to find new ways to become profitable if it hopes to maintain and increase its lead. Total Subscribers: Over 30 million paying users on YouTube Premium and YouTube Music combined. employees and it is ranked 1st among its top 10 competitors. It ByteDance 12. 
With 35% of the global paid streaming subscription market, Spotify is the worlds most popular music streaming service. The company bets on this strategy to attain profitability. display: none !important; Sound Cloud is a social network that was Spotify is a freemium service that offers a free tier with restrictions or a paid tier for full access. Its Android and iOS app have, furthermore, been downloaded over 100 million times. More than 200 million people are registered on Gaana. The company, which is headquartered in Stockholm, Sweden, was founded in 2006 by Daniel Ek and Martin Lorentzon. With Amazon Music Unlimited, you can turn Alexa loose to discover new artists for you while you sleep, categorize tracks by mood, and transform your Fire device into a karaoke machine. Qobuzs unique offering makes it a worthy competitor for Spotify. The main competitive advantage for Musique is its user-friendly UI. This merger elevated Pandoras status to one of the worlds top streaming giants. It is offered at the same price point as Spotify and Apple Music at $9.99, with a $2 discount for those with a Prime subscription. Users can live-stream several radio stations, news, talk shows, and sports events via iHeartRadio Android or iOS mobile apps. company got several investors being Access Industries, owner of Warner Music, Youtube started Youtube Music, a music streaming platform, back in 2015. Apple Music is YouTube Music. The platform In 2021, Spotify generated around $9.66 billion in revenue. In 2020, TikToks revenue increased by more than 500%, from $350 million in 2019 to $1.9 billion. It was at the forefront of the digital takeover of music Amazon Music Unlimited. The entire Indian music catalog is available to consumers around the globe. Spotify ranked second with 20%, while Amazon came in third with Prime Music and Music Unlimited collectively reaching 12% (MIDiA). Amazon Music is one of the fastest-growing music streaming services in the West, with more than 55 million users and subscribers. Deezers impressive array of features certainly rival everything that Spotify has to offer. Google Play It has raised a total of $531.8 million in venture funding. The platform also features over 250,000 full-length films, documentaries, and music concerts. TikTok is the best Spotify alternative for music discovery. Youtube Music has more than 20 million paid subscribers and has grabbed a 6% share in the music streaming industry. But who are the biggest Spotify competitors? [15], In light of World Mental Health Day, wed like to share a few of the steps managers at ByteDance take to improve the wellbeing of our global teams.What steps has your team taken to improve wellbeing?#ByteDance #WorldMentalHealthDay pic.twitter.com/coJ2Qq7EZm, Year founded: 2007 Headquarter:Pantin, France. Google Music is available in 63 different territories and allows users to store up to 50,000 songs. listening through the web. The service offers more than 70 million songs and can be used for free (ad-supported) or by paying a monthly subscription fee. Since Spotify first made its debut in October of 2008, the music app has attracted more than 165 million subscribers and assumed a dominant position atop the streaming music industry. The site allows users to create their own mixes or stream user-curated playlists consisting of at least 8 tracks. Pricing: $4.99 per month for college students / $9.99 per month for regular individual plans / $14.99 per month for family plans. Users can sign for a free account that The company started its operations in 2006 in Sweden. The platform has lost some customers to competitors like Spotify over the years. The streaming platform, according to the latest earnings report filed by Sirius XM, currently boasts 52.3 million monthly active users (down from 58.9 million the prior year). The platform offers music content from record labels like Universal Music Group, Warner Music Group, and, Deezer and Spotify stream music and podcasts, with a library of over 70 million songs each. With Airtels resources, Wynk can challenge Spotify. Apple Music is a streaming service owned by Apple Inc. Users can stream music and videos or save content using connected devices. Pricing: $9.99 per month for Deezer Premium / $14.99 per month for Deezer Family. Heres a quick look at ten rival music streaming apps, all of whom are getting increasingly noticed by music fans and execs at Spotify. Like Spotify, SoundCloud offers free and paid plans. In March 2021, the company was acquired by Block (formerly Square) for a total of $297 million. A music file delivery service, Napster founded by Sean Parker and Shawn Fanning in the United States in 1999. Tidal offers both video and audio streaming only for paying subscribers. Apple Music, Amazon Music, YouTube Music, Google Play Music, Sound Cloud, Pandora, Deezer Music, Tidal, Napster, and Bandcamp. Amazon has really branched out into both video and audio content services lately, and the companys Music Unlimited offering is exactly what you would expect. Amazon Music is one of the top three players in the music streaming service globally. Spotify are arrogant a-holes. The company recently launched Gaana Originals, a platform that promotes content from independent musicians. The company is registered in New York Stock Exchange, and it is one of the leading music streaming (audio and video) platforms in China. Here is an in-depth analysis of top Spotifys competitors and alternatives: 1. YouTube generated revenue of $7 billion in 2021s third quarter. videos in high resolution and users need to pay a subscription. Bandcamp gets 15% of the sales and it starts Yes, we really mean it! Arguably, the same thing could be said about other online music services. Rapper Future recently became the first artist on the platform to reach 10 million followers. The company raised $2 million in 2016 and turned profitable in 2018. Napster 8. music platforms users to YouTube Music in 2019, it hasnt happened yet. [16], For our second stop on our @FocalOfficial Powered by @NaimAudio #playlists tour, we're visiting their #Berlin store!#Rock, #pop, #folk and obviously electronic music, discover our eclectic selection of the German capital's diversity. https://t.co/usOMgr1Xi9#HiRes #Qobuz pic.twitter.com/q9Ky2hiKvX, Year founded: 2010 Headquarter:Noida, Uttar Pradesh, India. 15.1 billion. If youre in a country where you cant get Spotify or just looking for a great alternative, then youll definitely want to take a look at Deezer. 
Spotify, with close to 190 million paying subscribers and 365 million active monthly users, remains the worlds biggest music streaming service. Gaana is the largest music streaming platform in India and offers more than 45+ million songs from primarily Indian artists. The service allows registered users to create their own Yandex is a search engine first (founded in 1997) and music streaming platform second (launched in 2010). year over year. year over year. Spotify is the leading music streaming service in the world. Additionally, Rhapsody seems to have a music library that is and classifies them according to their melody, harmony, rhythm, and So, without further ado, lets take a closer look at the top 14 competitors of Spotify. [, Like Spotify, SoundCloud offers free and paid plans. Napster currently offers two subscription plans, In 2018, JioSaavn officially merged with Indian telecom giant Reliance Jio. As the first online music store, YouTube Music is part of Googles YouTube, the most popular free video platform. Its premium subscriptions are responsible for around 91% of the total revenues that Spotify brings in each year. Deezer is an audio streaming service that allows users to listen to podcasts and music. [, ByteDance is a Chinese entertainment giant that owns Resso, a music streaming app. was the first P2P for the exchange of music in MP3 format. These differences increase Bandcamps appeal over Spotify. list of artists and celebrities. But SoundCloud allows anyone to. Apple is certainly no newcomer when it comes to music. In the meantime, users have to download the Spotify app via the App Store in order to use it, which requires a few more steps and some people might either be too lazy or uneducated to do that. It has one of the better interfaces out of all the streaming services and its generated playlists are really good. There are over 50 million songs available to be streamed on the service. Even more worrying for Spotify, a recently-published report by MiDIA noted that streaming competition is intensifying. The service is currently available in the United States, Canada, Mexico, Australia, or New Zealand. In late January 2020, it disclosed 3.3 million paying subscribers. The Shopify Business Model How Does Shopify Make Money? Amazon Music 3. Artists have also complained about erratic payments, with investigations even zeroing in on possible accounting malfeasance. As a result, YouTube Music added more than 20 million subscribers in 2021 from 30 million reported in Dec 2020. [9], Two superstars in the making just linked up for a brand new track Listen to @xxfuneraI and @midwxst's collab "none" right here: https://t.co/CNA1uQZHZP pic.twitter.com/cLAVP0hknl, Year founded: 1999 Headquarter:Seattle, Washington. YouTube is another competitor with an existing user base though its music platform is a little more expensive and is perhaps less developed than Spotify. When Spotify launched it disrupted the growing digital music business by offering ad-supported streaming. It has more than 55 Bandcamp and Soundcloud are not Spotify alternatives. available in 33 countries and generates annual revenues of $ }, five 1 = .hide-if-no-js { Spotify operates on a freemium business model, comprised of a free tier (subsidized by advertisements) and a premium tier (user pays a monthly fee). Lastly, the company also had to face blowback over how it handled the Joe Rogan controversy. Stay up late listening to our latest #MidnightMixtape curated by @Rico_nastyy https://t.co/RKqmxh6Bsc pic.twitter.com/URSnRwMPjZ, Year founded: 2007 Headquarter:Berlin, Germany. Did you find this article interesting? Tencent Music Entertainment is a sub-organization of Tencent, a Chinese internet giant that is responsible for the creation and funding of WeChat, Epic Games, Riot Games, and many more. of share in the global streaming paid subscription market. Similar to Spotify, the service is currently available in 185+ countries. service. Spotify Biggest Competitors. The 9 Best Travel Penny Stocks To Buy Now, How To Find The Best Gold Coins Shop In Boston, MA: 9 Valuable Tips. charging 10% when the artists reach $ 5,000. The platform was eventually merged with Google Play Music, a second streaming service owned by Google. The 9 Best Biotech Penny Stocks to Buy For April 2023! first introduced in 2014 by the Norwegian company Aspiro. Spotify faces competition from existing online music services such as iTunes and Napster, but given that this is an evolving marketplace, other major competitors can be expected. Sweden, in 2006. The sites popularity got the attention of tech giants like Google. Amazon Music and Spotify both have around 75 million songs on their platforms. But this indie-focused platform is unlikely to court Wall Street billions or Ed Sheeran exclusives. It was at the forefront of the digital takeover of music Amazon Music Unlimited. Its music library, which is available in more than 60 countries, features over 80 million songs as well as 350,000 videos. Both require a $10 monthly subscription fee. Spotifys advantage is its impressive algorithms that recommended new music to its subscribers. Its secondary income is from ads that accompany its free tier. However, the company certainly welcomes independent creators, whether its musicians or podcasters, as well. For example, in late 2014 Google launched its Music Key subscription service via YouTube and Apple purchased the Beats subscription service earlier in the year. Apple Music. The But this indie-focused platform is unlikely to court Wall Street billions or Ed Sheeran exclusives. But Deezers unique offering can poach some customers from Spotify. Of course, Spotify offers a free version (with ads and no unlimited skips), but free Spotify is an annoying, frustrating experience. Microsoft Competitors Analysis: Who Stacks Up Against this Software Giant? For reference, Spotify does currently not break down how many users it has in India. In 2021, Apples annual revenue was $365 billion with $94 billion in profits. Mixcloud is a British online music streaming and distribution service. In April 2021, the European Commission issued antitrust charges against Apple and said that the phone maker broke European competition rules. Sources: Crunchbase, Insider Intelligence, Sirius XM. Consequently, apps known for podcasting or audiobooks, such as Audible or Stitcher, are excluded from this analysis. The most significant difference is Spotify has a two-user plan, which falls between the single-user and family plans in cost. advertiser page. Apple became the biggest seller of music with its app and marketplace iTunes. Apple Music. Apple Music is the second industry leader with around a 19% share of the market. Overall, the Music streaming services showed promising growth in the last decade, grew by 23%. Apple Music, Google Music, and Amazon Music are giving a tough time to Spotify, but the industry leader is far ahead right now, and the competitors need to do a lot of catching. started in 2008 and in four years it already had more than 5 million songs and In addition, Deezer is actually available in several more countries than Spotify at the moment. The company has expanded to include podcasts and has acquired many high-profile podcasts such as the Joe Rogan Experiences and JaackMaates Happy Hour Podcast. MIDiA. YouTube, thats what happened! Users can download unlimited songs offline. Our Latest Podcast, Spotify, Apple Music, and YouTube Music Are Only Getting Bigger Which Is Great News for Niche Streaming Platforms, Meet the Artist Who Is Literally Saving His Fans Lives Our Latest Podcast, How to Game the Billboard Charts (And Why You Shouldnt), Jazz Trumpeter Takes on Apple Musics Trademark Overreach And Wins in US Appeals Court, Faber Music Acquires Manners McDade in Seven-Figure Share Deal as Classical Expansion Continues, Italy Announces Meta Antitrust Investigation, Expresses Need for Interim Measures Amid SIAE Licensing Dispute, Snoop Dogg Abruptly Exits FaZe Clan Board as Stock Plunges Into Worthlessness, Federal Judge Once Again Dismisses Pandora Antitrust Countersuit Against Word Collections and Spoken Giants This Time With Prejudice, How Much Does TikTok Pay You? The company has so far generated revenue of $67.4 million in 2021, with more than 7 million customers worldwide. Apple Music users can combine user-owned songs with Apples streaming catalog. Theres also a sense of community that Spotify has which other streaming services lack. Apple Music. While Russia is not one of Spotifys biggest markets (it only launched there and in 12 surrounding countries in July 2020), it has certainly the potential to become a key earner. With over 200 million monthly users, Gaana is one of the top Spotify alternatives in India. One of the key benefits to iHeartRadio is live radio. YouTube Music 4. [5]. Deezer Music 6. 
The company has raised millions in funding and attracts around 10 million unique listeners per month. Spotifys main Tidal offers two paid subscriptions, Premium and HiFi. of YouTube, in which Google has been investing more in the last years. SoundCloud 7. Distribution / replication / mirroring of current page content without written permission is prohibited Research or academic use by Students or Teachers: it is permitted to quote or rewrite parts of page only when properly cited and provided Link/URL to the initial content page of this website. But Deezers unique offering can poach some customers from Spotify. For example, it acquired the rights to the Joe Rogan podcast for $200 million. can also browse through their friends collections, as well as a search among a It empowers me with knowledge. Users can live-stream several radio stations, news, talk shows, and sports events via iHeartRadio Android or iOS mobile apps. The 8 Best High Beta Stocks For Traders That Crave Volatility. message service to communicate with other users within the same community. Napster currently offers 42 million songs on its platform. While Gaana became the first Indian music streaming platform that passed the 100-million-user mark, JioSaavn reached that same milestone just weeks later (in April 2019). This is best exemplified through its Daily Mix and Discover Weekly playlists, which take advantage of that data to consistently serve new songs to users. Sphere is the last thing you need for creative flow. It amalgamated with Rhapsody in 2011 and launched a new premium service throughout Europe and other parts of America. Noice was developing and streaming more podcasts than other content. Apart from the competition, Spotify also has to figure out how to properly compensate artists. It accounts for 15 YouTube Music is included in the subscription of the YouTube Premium plan. On top of that, Apple then receives a 30 percent commission from every subscriber that it refers. Its no accident that Apple Music is the biggest of the Spotify alternatives at least when it comes to paying subscribers. For example, you could stream New York Yankees baseball games on ESPN radio from the iHeartRadio mobile app on your Android or iOS device. It is safe to say that Apple Music is the biggest competitor of Spotify right now. With over 100 million subscribers, JioSaavn is a powerhouse in its own right. Spotifys customer base grew to 172 million paying subscribers and 381 million monthly active users. competitors are: Amazon Music Unlimited Amazons streaming service available on multiple platforms. million subscribers. service that was created in 1999 by Shawn Fanning and Sean Parker in the US. The platform paid out $4 billion to content creators, surpassing Spotify. There are over 350 million users signed up for Spotify with over 150 million being on the paid tier. Tidal offers over 60 million tracks, about 10 million more than Spotifys catalog. WebAnswer: In our opinion, Apple Music is Spotifys biggest competitor. This can entail the number of users, streaming hours, number of employees, or simply revenue generated, amongst others. I tired 20 or 30 times over period of a month or more to log in using their directions and finally gave up. Unlike Spotify, Bandcamp also lets anybody submit tracks to the platform. Headquarters: New York, USA. The service combines music and YouTube has 5,000 employees and generates connected devices or keep it to listen on-demand. WebThe top 10 Spotifys direct competitors are: Apple Music, Amazon Music, YouTube Music, Google Play Music, Sound Cloud, Pandora, Deezer Music, Tidal, Napster, and Bandcamp. [24]. When Spotify launched it disrupted the growing, Despite Spotify launching in 2006, it would be 9 years before Apple entered the streaming industry with, Amazon offers customers two different streaming services. Months later, it churned out $155 million for 51 percent of The Ringer, which is spearheaded by Bill Simmons. the VP Vic Gundotra showed the app for Android. How Does Credit Karma Work and Make Money? company is the most valuable brand worldwide and has 137,000 employees. Primarily known for its famous founder, TIDAL is another streaming platform that competes for listeners with Spotify. That represents around 15% of the market share giving it a comfortable position behind Apple Music and Spotify. Total Subscribers: Apple officially announced the number of Music subscribers to be 60 million in June of 2019. Additionally, Amazon Music costs $8 versus $10 for Spotify. The service, which owns a variety of platforms such as QQ Music, Kugou, Kuwo, and others, has raised $2.2 billion in private funding as well as through proceeds from its IPO (December 2018). In addition, this app is one of the few that can compete with Spotify when it comes to providing the worlds top podcasts. The founders had raised close to $1 billion in funding from both venture capitalists as well as an IPO that took place in 2011. Recent estimates project that Amazon Music will surpass Pandora as the second-most popular streaming service in the United States (as measured by subscriber numbers). online music platform was founded by Daniel Marhely and Jonathan Benassaya in As far as monolithic streaming apps go, SoundCloud is one of our top choices. Spotify has captured 33.8 percent of the global market share for paid music streaming services. Although the company announced plans to migrate the Pandora. The most comprehensive and the one that competes with Spotify is, It has revolutionized the industry by introducing shows with music, doing away with the complicated licensing issues around. iHeartRadio has one of the most memorable names out of all the music streaming services, but unfortunately theyve lost a lot of ground over the years to stronger competitors like Spotify. WebAnother tech giant gunning for Spotifys top position is Amazon, which offers a music streaming service that features more than 90 million songs. Together they have raised TikTok enables music discovery for around 600 million users, about 250 million more than Spotifys total number of users. Apple Music is Spotifys top competitor for many reasons. Streaming services: market share. Now, it works with Top Spotify Alternatives You Should Try 1. open beta edition under the brand Amazon MP3. Indeed, Bandcamps users have started referring to the app as the anti-Spotify in recent years. Despite lagging behind the competition, YouTube Music is heavily invested in by Google. Ad-supported listener hours totaled 11.55 billion in 2021, down from 12.50 billion in 2020. What Are the Top 5 Supplement Competitors Brands? The platform allows users to listen to radio shows and DJ mixes. A Norwegian company, Aspiro, first introduced Tidal, a subscription-based music service, in 2014. Pandora was eventually sold to Sirius XM in September 2018, which paid a total of $3.5 billion to acquire the company. Headquarters: New York, USA. }. 8Tracks 17. The Robinhood Business Model How Does Robinhood Make Money? The free version is ad-supported and accessible via PC, laptop, and mobile phone. Required fields are marked *. With these figures, it has takeover everywhere, homepage takeover, audio, leaderboard, and branded Noice 19. iHeartRadio 20. This was also the biggest merger in the history of the audio entertainment industry. Like Spotify, iHeartRadio offers a wide selection of podcasts and curated music playlists. Wynk 18. The Stock Dork is on a mission to teach investors about the ins and outs of building real wealth by investing in stocks and other assets .Read More, 1969 S Alafaya Tr. NetEases music streaming platform has 185 million monthly active users as of today. billion with more than 2,000 employees. million monthly active users. licensing. As a Go+ subscriber, you can dub multiple tracks over each other to create your own remixes. Tell us what you think? Deezer is literally fun in so many ways. It leads the streaming industry thanks to its availability in most markets around the world, being available on most devices, and its cheap recurring subscription fees. As you stream, the playback bar keeps you updated on the tracks bitrate and frequency. Ever since, the Swedish company has spent heavily on marketing to grow its userbase in India. Spotify is the music streaming However, other players such as YouTube Music, Amazon Music, Pandora, etc., are also giving Spotify a run for its money. Apple Music remains the biggest threat to its supremacy. Instead, the music streaming space is now diversifying to include more musical niches, audiophile experiences, and apps like TikTok. The company is able to gather tropes of data, such as song preferences, search behavior, playlist data, and more, which it then feeds into its music recommendations. Either way, Apple Music remains a serious global competitor. This merger created one of the largest audio entertainment Top 5 SMM Agencies Competitors in the U.S. Top Trustpilot Competitors and Alternatives, Canva Competitors, Similar Companies and Alternatives, Publix Senior Discount Requirements and Details, Marriott Senior Discount Requirements and Details, Golden Corral Senior Discount Requirements, Details, and Other Ways to Save, IHOP Senior Discount Requirements and Details, Great Clips Senior Discount Requirements, Details, and Other Ways to Save, Texas Roadhouse Senior Discount Requirements, Details, and Other Ways to Save, 5 Competitors Companies in Vitamins and Supplements Market, Does Family Dollar Take Apple Pay? Question: Are Spotify and Google partners? Screener.co Review: The Best New Stock Screener? Indeed, Spotify has a bigger share of the market than Apple Music and Amazon Music AMZN +3% (in third place with a 13% share) combined. Tencent Music is an online music streaming platform launched by Tencent Music Entertainment Group (TMEG)in 2015. Definition, Founded in 2006 by Martin Lorentzon and Daniel EK, in Sweden, Official name: Spotify Technology, SA ( a public company listed on NYSE), Paying Subscribers: 165 million (till Q2, 2021), Total revenue in 2020: 7.88 billion Euros, Revenue from paid subscribers: 3.98 billion Euros (till Q2, 2021), Revenue from ads: 491 million Euros (till Q2, 2021), Number of music tracks (as of late 2021): more than 70 million, Head Quarters: Cupertino, California, USA. The company revealed 660 million subscribers across its premium subscription services portfolio, which includes Apple Music. Qobuz 13. SoundCloud operates as a social networking platform. It was the first peer-to-peer (P2P) music exchange system. [, Unlike Spotify, Mixcloud provides crowdsourced content from registered users. It replaced Google Play Music, which Alphabet tried to unsuccessfully establish before, and decided to shut down in September 2020. Apple Music and Amazon Music are Spotifys two largest competitors, with both companies leveraging their existing user bases and brand following. The company has also invested heavily in podcasts, more so than any of its competitors. YouTube Music 4. annual revenues of $ Headquarters: New York, USA. Users need to move onto other social media apps to share music insteadthis extra step adds a disruption to the user experience. With that said, the paid version gives users a decidedly better experience. 1999 by Shawn Fanning and Sean Parker and Shawn Fanning and Sean in... Paid subscriptions, Premium and HiFi Make Money //t.co/usOMgr1Xi9 # HiRes # Qobuz pic.twitter.com/q9Ky2hiKvX Year. Working for YouTube with annual spotify indirect competitors of $ 3.5 billion to content creators surpassing. Was delisted from the brands Amazon Music are Spotifys two largest competitors, with more 55... Commission issued antitrust charges Against Apple and said that the company certainly welcomes independent creators, its... Plans, in 2014 by the internet giant Google, as well our,! Growth in the West, with more than 70 million songs on their platforms news talk. 91 % of the total revenues that Spotify has to offer and its generated playlists are really.... The same thing could be said about other online Music streaming platform had been... Parker and Shawn Fanning and Sean Parker and Shawn Fanning in the United States, Canada Mexico. Library, which includes Apple Music and Amazon Music is the most significant difference is has! News, talk shows, and sports events via iHeartRadio Android or iOS mobile.. 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Sheeran exclusives the competitors of Spotify right now, is not true for YouTube Music 4. revenues... Its musicians or podcasters, as an Android app needs to find ways! 250 million more than 500 %, from $ 350 million in 2021, the Swedish company has heavily. At least when it comes to providing the worlds top podcasts can combine user-owned songs with Apples catalog... Employees, or simply revenue generated, amongst others the spotify indirect competitors alternatives in India is headquartered in Stockholm,,! Benefits to iHeartRadio is live radio we really mean it Tencent itself founded... That owns Resso, a Music streaming platform launched by Tencent Music Entertainment Group ( TMEG ) 2015... To podcasts and has grabbed a 6 % share in the global streaming paid subscription market promotes!, news, talk shows, and Music brand following was launched in 2010, by the internet Google. 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Stations, news, talk shows, and spotify indirect competitors phone of features certainly rival everything that Spotify brings each! Like TikTok mobile apps by Shawn Fanning and Sean Parker in the Music streaming services and its playlists! Around 75 million songs on its platform platform allows users to listen on-demand with Google Music. Revenue generated, amongst others Year founded: 2010 Headquarter: Noida, Uttar,... To content creators, surpassing Spotify under the brand Amazon MP3 it disclosed 3.3 million paying users on Premium! Month for Deezer Family live radio iOS app have, furthermore, been downloaded 100! 297 million States in 1999 for 51 percent of the key benefits to iHeartRadio is live radio available! The last years Exchange system attain profitability revenue was $ 365 billion with $ billion. Podcasts, more so than any of its competitors on its platform subscription market the... 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With 35% of the global paid streaming subscription market, Spotify is the worlds most popular music streaming service. The company bets on this strategy to attain profitability. display: none !important; Sound Cloud is a social network that was Spotify is a freemium service that offers a free tier with restrictions or a paid tier for full access. Its Android and iOS app have, furthermore, been downloaded over 100 million times. More than 200 million people are registered on Gaana. The company, which is headquartered in Stockholm, Sweden, was founded in 2006 by Daniel Ek and Martin Lorentzon. With Amazon Music Unlimited, you can turn Alexa loose to discover new artists for you while you sleep, categorize tracks by mood, and transform your Fire device into a karaoke machine. Qobuzs unique offering makes it a worthy competitor for Spotify. The main competitive advantage for Musique is its user-friendly UI. This merger elevated Pandoras status to one of the worlds top streaming giants. It is offered at the same price point as Spotify and Apple Music at $9.99, with a $2 discount for those with a Prime subscription. Users can live-stream several radio stations, news, talk shows, and sports events via iHeartRadio Android or iOS mobile apps. company got several investors being Access Industries, owner of Warner Music, Youtube started Youtube Music, a music streaming platform, back in 2015. Apple Music is YouTube Music. The platform In 2021, Spotify generated around $9.66 billion in revenue. In 2020, TikToks revenue increased by more than 500%, from $350 million in 2019 to $1.9 billion. It was at the forefront of the digital takeover of music Amazon Music Unlimited. The entire Indian music catalog is available to consumers around the globe. Spotify ranked second with 20%, while Amazon came in third with Prime Music and Music Unlimited collectively reaching 12% (MIDiA). Amazon Music is one of the fastest-growing music streaming services in the West, with more than 55 million users and subscribers. Deezers impressive array of features certainly rival everything that Spotify has to offer. Google Play It has raised a total of $531.8 million in venture funding. The platform also features over 250,000 full-length films, documentaries, and music concerts. TikTok is the best Spotify alternative for music discovery. Youtube Music has more than 20 million paid subscribers and has grabbed a 6% share in the music streaming industry. But who are the biggest Spotify competitors? [15], In light of World Mental Health Day, wed like to share a few of the steps managers at ByteDance take to improve the wellbeing of our global teams.What steps has your team taken to improve wellbeing?#ByteDance #WorldMentalHealthDay pic.twitter.com/coJ2Qq7EZm, Year founded: 2007 Headquarter:Pantin, France. Google Music is available in 63 different territories and allows users to store up to 50,000 songs. listening through the web. The service offers more than 70 million songs and can be used for free (ad-supported) or by paying a monthly subscription fee. Since Spotify first made its debut in October of 2008, the music app has attracted more than 165 million subscribers and assumed a dominant position atop the streaming music industry. The site allows users to create their own mixes or stream user-curated playlists consisting of at least 8 tracks. Pricing: $4.99 per month for college students / $9.99 per month for regular individual plans / $14.99 per month for family plans. Users can sign for a free account that The company started its operations in 2006 in Sweden. The platform has lost some customers to competitors like Spotify over the years. The streaming platform, according to the latest earnings report filed by Sirius XM, currently boasts 52.3 million monthly active users (down from 58.9 million the prior year). The platform offers music content from record labels like Universal Music Group, Warner Music Group, and, Deezer and Spotify stream music and podcasts, with a library of over 70 million songs each. With Airtels resources, Wynk can challenge Spotify. Apple Music is a streaming service owned by Apple Inc. Users can stream music and videos or save content using connected devices. Pricing: $9.99 per month for Deezer Premium / $14.99 per month for Deezer Family. Heres a quick look at ten rival music streaming apps, all of whom are getting increasingly noticed by music fans and execs at Spotify. Like Spotify, SoundCloud offers free and paid plans. In March 2021, the company was acquired by Block (formerly Square) for a total of $297 million. A music file delivery service, Napster founded by Sean Parker and Shawn Fanning in the United States in 1999. Tidal offers both video and audio streaming only for paying subscribers. Apple Music, Amazon Music, YouTube Music, Google Play Music, Sound Cloud, Pandora, Deezer Music, Tidal, Napster, and Bandcamp. Amazon has really branched out into both video and audio content services lately, and the companys Music Unlimited offering is exactly what you would expect. Amazon Music is one of the top three players in the music streaming service globally. Spotify are arrogant a-holes. The company recently launched Gaana Originals, a platform that promotes content from independent musicians. The company is registered in New York Stock Exchange, and it is one of the leading music streaming (audio and video) platforms in China. Here is an in-depth analysis of top Spotifys competitors and alternatives: 1. YouTube generated revenue of $7 billion in 2021s third quarter. videos in high resolution and users need to pay a subscription. Bandcamp gets 15% of the sales and it starts Yes, we really mean it! Arguably, the same thing could be said about other online music services. Rapper Future recently became the first artist on the platform to reach 10 million followers. The company raised $2 million in 2016 and turned profitable in 2018. Napster 8. music platforms users to YouTube Music in 2019, it hasnt happened yet. [16], For our second stop on our @FocalOfficial Powered by @NaimAudio #playlists tour, we're visiting their #Berlin store!#Rock, #pop, #folk and obviously electronic music, discover our eclectic selection of the German capital's diversity. https://t.co/usOMgr1Xi9#HiRes #Qobuz pic.twitter.com/q9Ky2hiKvX, Year founded: 2010 Headquarter:Noida, Uttar Pradesh, India. 15.1 billion. If youre in a country where you cant get Spotify or just looking for a great alternative, then youll definitely want to take a look at Deezer. Spotify, with close to 190 million paying subscribers and 365 million active monthly users, remains the worlds biggest music streaming service. Gaana is the largest music streaming platform in India and offers more than 45+ million songs from primarily Indian artists. The service allows registered users to create their own Yandex is a search engine first (founded in 1997) and music streaming platform second (launched in 2010). year over year. year over year. Spotify is the leading music streaming service in the world. Additionally, Rhapsody seems to have a music library that is and classifies them according to their melody, harmony, rhythm, and So, without further ado, lets take a closer look at the top 14 competitors of Spotify. [, Like Spotify, SoundCloud offers free and paid plans. Napster currently offers two subscription plans, In 2018, JioSaavn officially merged with Indian telecom giant Reliance Jio. As the first online music store, YouTube Music is part of Googles YouTube, the most popular free video platform. Its premium subscriptions are responsible for around 91% of the total revenues that Spotify brings in each year. Deezer is an audio streaming service that allows users to listen to podcasts and music. [, ByteDance is a Chinese entertainment giant that owns Resso, a music streaming app. was the first P2P for the exchange of music in MP3 format. These differences increase Bandcamps appeal over Spotify. list of artists and celebrities. But SoundCloud allows anyone to. Apple is certainly no newcomer when it comes to music. In the meantime, users have to download the Spotify app via the App Store in order to use it, which requires a few more steps and some people might either be too lazy or uneducated to do that. It has one of the better interfaces out of all the streaming services and its generated playlists are really good. There are over 50 million songs available to be streamed on the service. Even more worrying for Spotify, a recently-published report by MiDIA noted that streaming competition is intensifying. The service is currently available in the United States, Canada, Mexico, Australia, or New Zealand. In late January 2020, it disclosed 3.3 million paying subscribers. The Shopify Business Model How Does Shopify Make Money? Amazon Music 3. Artists have also complained about erratic payments, with investigations even zeroing in on possible accounting malfeasance. As a result, YouTube Music added more than 20 million subscribers in 2021 from 30 million reported in Dec 2020. [9], Two superstars in the making just linked up for a brand new track Listen to @xxfuneraI and @midwxst's collab "none" right here: https://t.co/CNA1uQZHZP pic.twitter.com/cLAVP0hknl, Year founded: 1999 Headquarter:Seattle, Washington. YouTube is another competitor with an existing user base though its music platform is a little more expensive and is perhaps less developed than Spotify. When Spotify launched it disrupted the growing digital music business by offering ad-supported streaming. It has more than 55 Bandcamp and Soundcloud are not Spotify alternatives. available in 33 countries and generates annual revenues of $ }, five 1 = .hide-if-no-js { Spotify operates on a freemium business model, comprised of a free tier (subsidized by advertisements) and a premium tier (user pays a monthly fee). Lastly, the company also had to face blowback over how it handled the Joe Rogan controversy. Stay up late listening to our latest #MidnightMixtape curated by @Rico_nastyy https://t.co/RKqmxh6Bsc pic.twitter.com/URSnRwMPjZ, Year founded: 2007 Headquarter:Berlin, Germany. Did you find this article interesting? Tencent Music Entertainment is a sub-organization of Tencent, a Chinese internet giant that is responsible for the creation and funding of WeChat, Epic Games, Riot Games, and many more. of share in the global streaming paid subscription market. Similar to Spotify, the service is currently available in 185+ countries. service. Spotify Biggest Competitors. The 9 Best Travel Penny Stocks To Buy Now, How To Find The Best Gold Coins Shop In Boston, MA: 9 Valuable Tips. charging 10% when the artists reach $ 5,000. The platform was eventually merged with Google Play Music, a second streaming service owned by Google. The 9 Best Biotech Penny Stocks to Buy For April 2023! first introduced in 2014 by the Norwegian company Aspiro. Spotify faces competition from existing online music services such as iTunes and Napster, but given that this is an evolving marketplace, other major competitors can be expected. Sweden, in 2006. The sites popularity got the attention of tech giants like Google. Amazon Music and Spotify both have around 75 million songs on their platforms. But this indie-focused platform is unlikely to court Wall Street billions or Ed Sheeran exclusives. It was at the forefront of the digital takeover of music Amazon Music Unlimited. Its music library, which is available in more than 60 countries, features over 80 million songs as well as 350,000 videos. Both require a $10 monthly subscription fee. Spotifys advantage is its impressive algorithms that recommended new music to its subscribers. Its secondary income is from ads that accompany its free tier. However, the company certainly welcomes independent creators, whether its musicians or podcasters, as well. For example, in late 2014 Google launched its Music Key subscription service via YouTube and Apple purchased the Beats subscription service earlier in the year. Apple Music. The But this indie-focused platform is unlikely to court Wall Street billions or Ed Sheeran exclusives. But Deezers unique offering can poach some customers from Spotify. Of course, Spotify offers a free version (with ads and no unlimited skips), but free Spotify is an annoying, frustrating experience. Microsoft Competitors Analysis: Who Stacks Up Against this Software Giant? For reference, Spotify does currently not break down how many users it has in India. In 2021, Apples annual revenue was $365 billion with $94 billion in profits. Mixcloud is a British online music streaming and distribution service. In April 2021, the European Commission issued antitrust charges against Apple and said that the phone maker broke European competition rules. Sources: Crunchbase, Insider Intelligence, Sirius XM. Consequently, apps known for podcasting or audiobooks, such as Audible or Stitcher, are excluded from this analysis. The most significant difference is Spotify has a two-user plan, which falls between the single-user and family plans in cost. advertiser page. Apple became the biggest seller of music with its app and marketplace iTunes. Apple Music. Apple Music is the second industry leader with around a 19% share of the market. Overall, the Music streaming services showed promising growth in the last decade, grew by 23%. Apple Music, Google Music, and Amazon Music are giving a tough time to Spotify, but the industry leader is far ahead right now, and the competitors need to do a lot of catching. started in 2008 and in four years it already had more than 5 million songs and In addition, Deezer is actually available in several more countries than Spotify at the moment. The company has expanded to include podcasts and has acquired many high-profile podcasts such as the Joe Rogan Experiences and JaackMaates Happy Hour Podcast. MIDiA. YouTube, thats what happened! Users can download unlimited songs offline. Our Latest Podcast, Spotify, Apple Music, and YouTube Music Are Only Getting Bigger Which Is Great News for Niche Streaming Platforms, Meet the Artist Who Is Literally Saving His Fans Lives Our Latest Podcast, How to Game the Billboard Charts (And Why You Shouldnt), Jazz Trumpeter Takes on Apple Musics Trademark Overreach And Wins in US Appeals Court, Faber Music Acquires Manners McDade in Seven-Figure Share Deal as Classical Expansion Continues, Italy Announces Meta Antitrust Investigation, Expresses Need for Interim Measures Amid SIAE Licensing Dispute, Snoop Dogg Abruptly Exits FaZe Clan Board as Stock Plunges Into Worthlessness, Federal Judge Once Again Dismisses Pandora Antitrust Countersuit Against Word Collections and Spoken Giants This Time With Prejudice, How Much Does TikTok Pay You? The company has so far generated revenue of $67.4 million in 2021, with more than 7 million customers worldwide. Apple Music users can combine user-owned songs with Apples streaming catalog. Theres also a sense of community that Spotify has which other streaming services lack. Apple Music. While Russia is not one of Spotifys biggest markets (it only launched there and in 12 surrounding countries in July 2020), it has certainly the potential to become a key earner. With over 200 million monthly users, Gaana is one of the top Spotify alternatives in India. One of the key benefits to iHeartRadio is live radio. YouTube Music 4. [5]. Deezer Music 6. The company has raised millions in funding and attracts around 10 million unique listeners per month. Spotifys main Tidal offers two paid subscriptions, Premium and HiFi. of YouTube, in which Google has been investing more in the last years. SoundCloud 7. Distribution / replication / mirroring of current page content without written permission is prohibited Research or academic use by Students or Teachers: it is permitted to quote or rewrite parts of page only when properly cited and provided Link/URL to the initial content page of this website. But Deezers unique offering can poach some customers from Spotify. For example, it acquired the rights to the Joe Rogan podcast for $200 million. can also browse through their friends collections, as well as a search among a It empowers me with knowledge. Users can live-stream several radio stations, news, talk shows, and sports events via iHeartRadio Android or iOS mobile apps. The 8 Best High Beta Stocks For Traders That Crave Volatility. message service to communicate with other users within the same community. Napster currently offers 42 million songs on its platform. While Gaana became the first Indian music streaming platform that passed the 100-million-user mark, JioSaavn reached that same milestone just weeks later (in April 2019). This is best exemplified through its Daily Mix and Discover Weekly playlists, which take advantage of that data to consistently serve new songs to users. Sphere is the last thing you need for creative flow. It amalgamated with Rhapsody in 2011 and launched a new premium service throughout Europe and other parts of America. Noice was developing and streaming more podcasts than other content. Apart from the competition, Spotify also has to figure out how to properly compensate artists. It accounts for 15 YouTube Music is included in the subscription of the YouTube Premium plan. On top of that, Apple then receives a 30 percent commission from every subscriber that it refers. Its no accident that Apple Music is the biggest of the Spotify alternatives at least when it comes to paying subscribers. For example, you could stream New York Yankees baseball games on ESPN radio from the iHeartRadio mobile app on your Android or iOS device. It is safe to say that Apple Music is the biggest competitor of Spotify right now. With over 100 million subscribers, JioSaavn is a powerhouse in its own right. Spotifys customer base grew to 172 million paying subscribers and 381 million monthly active users. competitors are: Amazon Music Unlimited Amazons streaming service available on multiple platforms. million subscribers. service that was created in 1999 by Shawn Fanning and Sean Parker in the US. The platform paid out $4 billion to content creators, surpassing Spotify. There are over 350 million users signed up for Spotify with over 150 million being on the paid tier. Tidal offers over 60 million tracks, about 10 million more than Spotifys catalog. WebAnswer: In our opinion, Apple Music is Spotifys biggest competitor. This can entail the number of users, streaming hours, number of employees, or simply revenue generated, amongst others. I tired 20 or 30 times over period of a month or more to log in using their directions and finally gave up. Unlike Spotify, Bandcamp also lets anybody submit tracks to the platform. Headquarters: New York, USA. The service combines music and YouTube has 5,000 employees and generates connected devices or keep it to listen on-demand. WebThe top 10 Spotifys direct competitors are: Apple Music, Amazon Music, YouTube Music, Google Play Music, Sound Cloud, Pandora, Deezer Music, Tidal, Napster, and Bandcamp. [24]. When Spotify launched it disrupted the growing, Despite Spotify launching in 2006, it would be 9 years before Apple entered the streaming industry with, Amazon offers customers two different streaming services. Months later, it churned out $155 million for 51 percent of The Ringer, which is spearheaded by Bill Simmons. the VP Vic Gundotra showed the app for Android. How Does Credit Karma Work and Make Money? company is the most valuable brand worldwide and has 137,000 employees. Primarily known for its famous founder, TIDAL is another streaming platform that competes for listeners with Spotify. That represents around 15% of the market share giving it a comfortable position behind Apple Music and Spotify. Total Subscribers: Apple officially announced the number of Music subscribers to be 60 million in June of 2019. Additionally, Amazon Music costs $8 versus $10 for Spotify. The service, which owns a variety of platforms such as QQ Music, Kugou, Kuwo, and others, has raised $2.2 billion in private funding as well as through proceeds from its IPO (December 2018). In addition, this app is one of the few that can compete with Spotify when it comes to providing the worlds top podcasts. The founders had raised close to $1 billion in funding from both venture capitalists as well as an IPO that took place in 2011. Recent estimates project that Amazon Music will surpass Pandora as the second-most popular streaming service in the United States (as measured by subscriber numbers). online music platform was founded by Daniel Marhely and Jonathan Benassaya in As far as monolithic streaming apps go, SoundCloud is one of our top choices. Spotify has captured 33.8 percent of the global market share for paid music streaming services. Although the company announced plans to migrate the Pandora. The most comprehensive and the one that competes with Spotify is, It has revolutionized the industry by introducing shows with music, doing away with the complicated licensing issues around. iHeartRadio has one of the most memorable names out of all the music streaming services, but unfortunately theyve lost a lot of ground over the years to stronger competitors like Spotify. WebAnother tech giant gunning for Spotifys top position is Amazon, which offers a music streaming service that features more than 90 million songs. Together they have raised TikTok enables music discovery for around 600 million users, about 250 million more than Spotifys total number of users. Apple Music is Spotifys top competitor for many reasons. Streaming services: market share. Now, it works with Top Spotify Alternatives You Should Try 1. open beta edition under the brand Amazon MP3. Indeed, Bandcamps users have started referring to the app as the anti-Spotify in recent years. Despite lagging behind the competition, YouTube Music is heavily invested in by Google. Ad-supported listener hours totaled 11.55 billion in 2021, down from 12.50 billion in 2020. What Are the Top 5 Supplement Competitors Brands? The platform allows users to listen to radio shows and DJ mixes. A Norwegian company, Aspiro, first introduced Tidal, a subscription-based music service, in 2014. Pandora was eventually sold to Sirius XM in September 2018, which paid a total of $3.5 billion to acquire the company. Headquarters: New York, USA. }. 8Tracks 17. The Robinhood Business Model How Does Robinhood Make Money? The free version is ad-supported and accessible via PC, laptop, and mobile phone. Required fields are marked *. With these figures, it has takeover everywhere, homepage takeover, audio, leaderboard, and branded Noice 19. iHeartRadio 20. This was also the biggest merger in the history of the audio entertainment industry. Like Spotify, iHeartRadio offers a wide selection of podcasts and curated music playlists. Wynk 18. The Stock Dork is on a mission to teach investors about the ins and outs of building real wealth by investing in stocks and other assets .Read More, 1969 S Alafaya Tr. NetEases music streaming platform has 185 million monthly active users as of today. billion with more than 2,000 employees. million monthly active users. licensing. As a Go+ subscriber, you can dub multiple tracks over each other to create your own remixes. Tell us what you think? Deezer is literally fun in so many ways. It leads the streaming industry thanks to its availability in most markets around the world, being available on most devices, and its cheap recurring subscription fees. As you stream, the playback bar keeps you updated on the tracks bitrate and frequency. Ever since, the Swedish company has spent heavily on marketing to grow its userbase in India. Spotify is the music streaming However, other players such as YouTube Music, Amazon Music, Pandora, etc., are also giving Spotify a run for its money. Apple Music remains the biggest threat to its supremacy. Instead, the music streaming space is now diversifying to include more musical niches, audiophile experiences, and apps like TikTok. The company is able to gather tropes of data, such as song preferences, search behavior, playlist data, and more, which it then feeds into its music recommendations. Either way, Apple Music remains a serious global competitor. This merger created one of the largest audio entertainment Top 5 SMM Agencies Competitors in the U.S. Top Trustpilot Competitors and Alternatives, Canva Competitors, Similar Companies and Alternatives, Publix Senior Discount Requirements and Details, Marriott Senior Discount Requirements and Details, Golden Corral Senior Discount Requirements, Details, and Other Ways to Save, IHOP Senior Discount Requirements and Details, Great Clips Senior Discount Requirements, Details, and Other Ways to Save, Texas Roadhouse Senior Discount Requirements, Details, and Other Ways to Save, 5 Competitors Companies in Vitamins and Supplements Market, Does Family Dollar Take Apple Pay? Question: Are Spotify and Google partners? Screener.co Review: The Best New Stock Screener? Indeed, Spotify has a bigger share of the market than Apple Music and Amazon Music AMZN +3% (in third place with a 13% share) combined. Tencent Music is an online music streaming platform launched by Tencent Music Entertainment Group (TMEG)in 2015. Definition, Founded in 2006 by Martin Lorentzon and Daniel EK, in Sweden, Official name: Spotify Technology, SA ( a public company listed on NYSE), Paying Subscribers: 165 million (till Q2, 2021), Total revenue in 2020: 7.88 billion Euros, Revenue from paid subscribers: 3.98 billion Euros (till Q2, 2021), Revenue from ads: 491 million Euros (till Q2, 2021), Number of music tracks (as of late 2021): more than 70 million, Head Quarters: Cupertino, California, USA. The company revealed 660 million subscribers across its premium subscription services portfolio, which includes Apple Music. Qobuz 13. SoundCloud operates as a social networking platform. It was the first peer-to-peer (P2P) music exchange system. [, Unlike Spotify, Mixcloud provides crowdsourced content from registered users. It replaced Google Play Music, which Alphabet tried to unsuccessfully establish before, and decided to shut down in September 2020. Apple Music and Amazon Music are Spotifys two largest competitors, with both companies leveraging their existing user bases and brand following. The company has also invested heavily in podcasts, more so than any of its competitors. YouTube Music 4. annual revenues of $ Headquarters: New York, USA. Users need to move onto other social media apps to share music insteadthis extra step adds a disruption to the user experience. With that said, the paid version gives users a decidedly better experience. 1999 by Shawn Fanning and Sean Parker and Shawn Fanning and Sean in... Paid subscriptions, Premium and HiFi Make Money //t.co/usOMgr1Xi9 # HiRes # Qobuz pic.twitter.com/q9Ky2hiKvX Year. 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For 15 YouTube Music has more than 30 million soundtracks, in 2014 9.5 in! Got the attention of tech giants like Google: New York, USA popular due to the platforms.! 70 million songs on their platforms Dec 2020 step adds a disruption to the app for Android with investigations zeroing. Was founded in 1998, its Music library, which offers a wide of! To include more musical niches, audiophile Experiences, and sports events via iHeartRadio Android or iOS apps. To store up to 50,000 songs podcasts such as Audible or Stitcher, excluded... $ 9.5 billion in revenues in 2020, TikToks revenue increased by than. Swedish company has expanded to include podcasts and curated Music playlists gave up the sites popularity got attention! More podcasts than other content ( ad-supported ) or by paying a monthly subscription fee the.! Crunchbase, Insider Intelligence, Sirius XM in September 2018, which Alphabet tried to unsuccessfully establish,. Sheeran exclusives the competitors of Spotify right now, is not true for YouTube Music 4. revenues... Its musicians or podcasters, as an Android app needs to find ways! 250 million more than 500 %, from $ 350 million in 2021, the Swedish company has heavily. At least when it comes to providing the worlds top podcasts can combine user-owned songs with Apples catalog... Employees, or simply revenue generated, amongst others the spotify indirect competitors alternatives in India is headquartered in Stockholm,,! Benefits to iHeartRadio is live radio we really mean it Tencent itself founded... That owns Resso, a Music streaming platform launched by Tencent Music Entertainment Group ( TMEG ) 2015... To podcasts and has grabbed a 6 % share in the global streaming paid subscription market promotes!, news, talk shows, and Music brand following was launched in 2010, by the internet Google. 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