<ul><li>Spotify's recent strategy focuses on premium music enthusiasts and heavy podcast listeners.</li><li>Spotify faces high competitive rivalry, very high supplier power, high buyer power, high threat of new entrants, and high threat of substitutes.</li><li>To overcome these challenges, Spotify can focus on deepening engagement and unlocking new revenue streams.</li><li>By emphasizing community, creator economics, and localization, Spotify can become a vibrant audio culture hub.</li></ul>

PM Breakdown: Spotify— Winning (and Surviving) the No‑Margin Music Wars

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