JHVEPhoto Alphabet (NASDAQ: GOOG ) has invested significant resources in building its music streaming business. The music streaming industry itself is reaching a maturity phase where a large section of customer base has already subscribed to this service. According to MIDiA Research , the total paid subscription numbers have reached over 600 million including all the players. Alphabet’s YouTube Music service is placed at fourth place behind Spotify ( SPOT ), Apple Music ( AAPL ) and Amazon Music ( AMZN ) in this report. However, YouTube could soon reach second position as the value proposition for a combined YouTube Premium subscription is very attractive to many customers who regularly use YouTube streaming. The company has announced crossing 80 million subscription level including free trials for the quarter ending September 2022. Within the next few months, this number should cross 100 million level which would be very positive for the company as it was a latecomer in this race. Over the long run, we could see music streaming industry getting cornered by Big Tech players and Alphabet has a good chance of being the market leader in this business. A large subscriber base provides Alphabet with regular recurring revenue, […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
