The best part about this model is the cost: Consumers can stream unlimited music, movies, and television shows for a monthly subscription fee lower than what they used to pay for one CD album or one movie on a DVD! While streaming companies have already created enormous value for investors, it's clear this business model is the way forward, so further gains are likely over the long term. Here's why Netflix (NASDAQ: NFLX) and Spotify Technology (NYSE: SPOT) fit the bill.
"Funflation" is in full force as live events boom amid a turbulent time in the entertainment industry.
Spotify (SPOT) is rejecting a report that claims that artists can get rich from royalties by posting a 30-second song and replaying the song for 24 hours. Spotify CEO Daniel Ek denied the report, writing on X "that's not quite how our royalty system works." Yahoo Finance Senior Reporter Alexandra Canal discusses Spotify's royalty structure and the challenges AI poses for the entertainment industry.