UK: Apple Music, Spotify and Other Competitors Lose Massive Subscribers

For several years, we have seen in France that everything has since increased and that life has become more expensive. What we are experiencing today is also reflected in neighboring countries, in the face of inflation which has reached 9%, the British are gradually starting to eliminate the small monthly expenses which accumulate.

Streaming services lose
1 million subscribers en
Britain

According to a recent report by consultancy Kantar, music streaming services in the UK have experienced a real hell during the first quarter of 2022. Whether it’s Apple Music, Spotify, YouTube Music or even Deezer, no service has escaped this great wave of subscription cancellations.

This follows price increases on fuels as well as food products. To put it simply, like the French, the British have enormously lost power purchase in recent months, prompting them to reprioritize and exclude monthly renewing subscriptions that “are not vital” or can be replaced very easily with common alternatives.

spotify apple music and deezer

The report: explains

With inflation hovering at 9% in the UK and further rises in the cost of living expected, rising music subscription cancellation rates are proof that UK households are beginning to prioritize at the expense of their disposable income. Over one million subscriptions were canceled in the last quarter, which also saw the highest level of consumers citing wanting to save money as the reason they want to cancel their subscription, with 37 %. This number is up 4% compared to the same period last year.

This consequent drop in subscribers on music streaming platforms has weakened several statistics among our neighbours, starting with the entire population of Great Britain, they are now less than 1% to have a subscription.
Another worrying fact is that users under 35 (normally very present on streaming services) are resilient en masse. They were 57% to have a subscription, today they are more than 53.5%.

This proven trend for Apple Music and its competitors has also been seen in the United States, over 5 million users under 35 canceled their offer. The financial economy is the main reason among the reasons for departures.

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