What Prince Could (but Probably Doesn't) Mean for the Future of Apple Music
Posted in: UncategorizedPrince is the new Taylor Swift. The artist has pulled his catalog from most streaming services, with a few notable exceptions. His music is still available on Jay-Z’s Tidal, a coup for a business that’s struggled since its high-profile launch earlier this year. Prince’s music is also still on digital radio services such as Pandora and Songza, which operate on so-called compulsory licenses that make it tricky for artists to refuse to participate.
Prince’s actions point toward a possible future for monthly streaming services that could undermine the idea altogether. The promise of an Apple Music or a Spotify is that once a subscription fee is paid, listeners don’t have to worry about anything. But already, someone who wants access to both Taylor Swift’s 1989 and Prince’s Purple Rain has to buy two subscriptions, or supplement the supposedly comprehensive service she has chosen with a few actual album purchases.
This is already how the online video world is shaping up, with such companies as Netflix and Amazon.com competing to produce original shows. But people are used to spending a lot of money to watch TV. A big part of the appeal of those services comes from replacing costly cable subscriptions, and anything seems cheap compared with a monthly Comcast bill. The $10 monthly cost of Spotify, Apple Music, or Tidal is already much more than the average person spends on music over the course of the entire year.
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