Steal The Show In The Entertainment Industry With The Spotify Clone
With the evolution of technology, physical recordings have become the past nowadays. Approximately 86 percent of consumers are listening to music using on-demand streaming platforms.
It is the best option for anyone in the entertainment industry to start developing a Spotify Clone app as their new venture because of these apps’ popularity.
To develop an app like Spotify, you have to know about the revenue model and know about the revenue that it can bring you.
The revenue model of the app can be of two different types. In the case of Spotify, the app gets most of the revenue from ads and subscriptions.
The freemium music apps would provide the user with basic features if tried for free, but the users will have to pay for availing of some additional features.
The premium features include:
However, for apps that don’t offer a free ad-supported option, the paid subscriptions are the primary source of income. Example: Tidal app also has paid plans. But when the trial period ends, users must pay for the subscription.
To earn revenue with a free app or plan, you can let third-party brands play ads in your app.
Some supported ad formats can be:
Audio: These ads will occur between the audio streaming
Video: Several types of ads can be made available in the app. Example: For Sponsored Session ads, users will be shown advertisements that offer them ad-free listening for 30 minutes.
Display: These types of ads will be appearing while the user returns to the app.
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