Jimmy Iovine explains why he left Apple Music, the problem with streaming music services, more

guest · Jan 2, 2020

Jimmy Iovine explains why he left Apple Music, the problem with streaming music services, more
January 2, 2020
https://9to5mac.com/2020/01/02/jimm...e-problem-with-streaming-music-services-more/

In a recent interview with The New York Times, Iovine elaborated on his time at Apple, the relationship between technology and the music industry, and more.

Despite his role in creating Apple Music, Iovine isn’t so sure about the future of the streaming music industry. The biggest problem? “It doesn’t scale,” Iovine said. “At Netflix, the more subscribers you have, the less your costs are. In streaming music, the costs follow you.”
Furthermore, Iovine said there’s a central problem because streaming music services are “utilities” because they’re all the same.

And the streaming music services are utilities — they’re all the same. Look at what’s working in video. Disney has nothing but original stuff. Netflix has tons of original stuff. But the music streaming services are all the same, and that’s a problem.
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Jimmy Iovine explains why he left Apple Music, the problem with streaming music services, more

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