Apple Music, Spotify, Amazon, lose million music subscribers in UK
A new report claims that over one million UK subscribers have cancelled their streaming services such as Apple Music in Q1 2022, citing a need to save money.
Apple Music
Kantar Research also notes that there is a decline in the number of young people with music streaming subscriptions in the UK.
"With inflation rising to 9% in the United Kingdom and further rises in the cost of living expected," reports the company, "the rising cancellation rates of music subscriptions is evidence that British households are starting to prioritise the spending of their disposable income."
"Over 1 million subscriptions were cancelled in the last quarter," it continues, "which has also seen the highest level of consumers citing they want to save money as the reason they want to cancel their subscription, at 37%."
For comparison, Kantar notes that in the same period in 2021, a need to save money was given as reason by 33% of people cancelling their subscriptions.
"[In the UK] subscriptions are dropping the quickest amongst younger consumers," says Kantar. "[The] percentage of under 35 having access to a music subscription having dropped from 57.0% to 53.5% year on year."
As well as saving money, Kantar's research says younger subscribers are also cancelling because of technical difficulties, limited selection of music -- and too many adverts.
The research from Kantar covers all streaming services available in the UK, and specifies Apple Music, Spotify, and Amazon Music. It reports that across all of the services, the number of new music subscribers in Q1 2022 "dropped to below 1% of the population" in the UK.
Read on AppleInsider
Apple Music
Kantar Research also notes that there is a decline in the number of young people with music streaming subscriptions in the UK.
"With inflation rising to 9% in the United Kingdom and further rises in the cost of living expected," reports the company, "the rising cancellation rates of music subscriptions is evidence that British households are starting to prioritise the spending of their disposable income."
"Over 1 million subscriptions were cancelled in the last quarter," it continues, "which has also seen the highest level of consumers citing they want to save money as the reason they want to cancel their subscription, at 37%."
For comparison, Kantar notes that in the same period in 2021, a need to save money was given as reason by 33% of people cancelling their subscriptions.
"[In the UK] subscriptions are dropping the quickest amongst younger consumers," says Kantar. "[The] percentage of under 35 having access to a music subscription having dropped from 57.0% to 53.5% year on year."
As well as saving money, Kantar's research says younger subscribers are also cancelling because of technical difficulties, limited selection of music -- and too many adverts.
The research from Kantar covers all streaming services available in the UK, and specifies Apple Music, Spotify, and Amazon Music. It reports that across all of the services, the number of new music subscribers in Q1 2022 "dropped to below 1% of the population" in the UK.
Read on AppleInsider
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https://news.adobe.com/news/news-details/2022/Adobe-Reports-Record-Revenue-in-Q1-Fiscal-2022/default.aspx
https://news.adobe.com/news/news-details/2021/Adobe-Reports-Record-Q4-and-Fiscal-2021-Revenue-Company-Outlines-Strategy-for-Next-Decade-of-Growth/default.aspx
By switching from Adobe Acrobat to PDFelement, you can allegedly even cut your costs by about 60 percent. It’s regularly $159, but you can sign up for a perpetual license for only $119 for a limited time.
Affinity will be taking a big slice of Adobe creative customers - they already have. It’s good software, very much like Adobe so there isn’t huge learning curve, and from what I can gather, the plug-in’s, etc… for the Adobe products will also work with the Affinity software…
https://affinity.serif.com/en-us/photo/
The Wall Street funded reporting is just out there trying to recruit the next batch of greater fools… the ground swell of discontent with their pricing and now subscription based model is real and getting more and more traction… it wasn’t that long ago that Adobe didn’t have to really worry about competition… now that they’ve let the Wall Street greed take over the reins, they will have plenty of competitors…
a music (playlist) and get on with it but none of the current programs allow that anymore.
Streaming is for the birds also, not for me. Who knew DVD’s and CD’s weren’t bad gives you flexibility to adjust without interference from big companies, in your face with Ad’s and begging for money.
I am sure at the time Adobe had reached an agreement with Apple to not encroach into their territory after they went into the video production space with Final Cut Pro vs Adobe Premier - Photoshop, Illustrator, Acrobat, etc.. was needed on the Mac platform and Adobe knew that, so they had a little leverage back then… the key operative word in that statement is “had” - they have lost that leverage… but Apple has a lot on its plate… creating another whole replacement suite of apps probably isn’t at the top of their priority list; besides other players are starting to appear, and thats even better… Adobe messed it up big time… they will suffer as a company for it. And in the end, the parasite investors will saddle them with debt and then bail on them completely… but not before they have bled every last $ they can get…
I am rooting for companies that are now making quality products designed to go head to head with the products Adobe makes… and I am putting my money where my mouth is by purchasing and using those products.
Streaming services are great, but I consider them an (insanely convenient) addendum to my permanent music collection. A friend suggests I might like a new artist? I can check them out immediately. Someone lets me know about a new boxed CD set I would want? I can listen to the contents on streaming while I wait for the physical objects to arrive in the mail. Can play anything I want from any genre while in my car, and friends along for the drive can request anything they like. Many useful purposes, and (with Apple Music) no ads or interruptions.
Steaming, subcriptions, and layaway plans are path’s to owning nothing and being happy, so you must be one happy person for coming future of non ownership.