Spotify (NYSE: SPOT) CEO Daniel Ek described a virtuous cycle around podcasts on several occasions during the company's second-quarter earnings call. In 2013, Netflix executives said they'd view long-term success as "having substantially larger revenue [versus competitors] and therefore sustainable increasing content, tech, and marketing spending, leading to further growth, and a virtuous cycle." Indeed, Netflix has proven that cycle works very well over the last seven years, growing its subscriber base while increasing pricing. Read More...
Spotify’s Virtuous Cycle Is Just Getting Started
Spotify (NYSE: SPOT) CEO Daniel Ek described a virtuous cycle around podcasts on several occasions during the company’s second-quarter earnings call. In 2013, Netflix executives said they’d view long-term success as “having substantially larger revenue [versus competitors] and therefore sustainable increasing content, tech, and marketing spending, leading to further growth, and a virtuous cycle.” Indeed, Netflix has proven that cycle works very well over the last seven years, growing its subscriber base while increasing pricing.
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