Spotify, the streaming service launched in 2006 and based in Stockholm, has been growing steadily and is reported to be preparing to go public via a direct listing - sidestepping the IPO process. Spotify uses a "freemium" businessmodel - a free version of the product includes ads played every few songs while a Premium version costs $9.99/month for a single user or $14.99 for a family. We dug in to see how Spotify's business is looking. Our consumer spending analytics application shows steady growth in the paid version of the product, captured in our panel of over 3 million US credit…
With the proliferation of smart TVs and fast home internet connections, video streaming services experienced rapid growth over the last few years. TXN consumer spending data from a panel of over 3MM credit card accounts shows that over the past 12 months, the number of people who pay for Netflix grew by 71%, Hulu by 86% and Amazon Video by 67%: More recently, video streaming companies are making a push into purchasing and producing movies exclusively available on their services, bypassing the movie theater altogether. This has the movie theater industry worried they might lose their business:…
