Spotify is close to offering lossless-quality music
A higher-quality tier makes sense for Spotify in more than a few ways. On top of negating one of Tidal’s advantages, it’d give listeners a reason to choose Spotify over Apple Music and other rivals that (currently) make do with lossy tracks. Also, this could be important in Spotify’s continuing struggle to turn a profit. It’s safe to say that it doesn’t cost twice as much to deliver higher-bitrate music, so converting even a fraction of Spotify’s 40 million-plus Premium customers to lossless could prove to be very lucrative.
Continued here: Spotify is close to offering lossless-quality music
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