Business
Streaming: Video is getting a big boost from lockdown, what about music?

Streaming: Video is getting a big boost from lockdown, what about music?

With millions of people quarantined at their homes, video streaming services like Netflix are seeing record surges in demand. The New York Times reported that Netflix's viewership had surged 28% in the last few weeks. So video streaming is doing great, but what about music?

We explored the data from Spotify's top 200 chart for the UK, which has now had significant social distancing for more than 2 weeks, to see if we could find any clues.

Surprisingly the numbers suggest that music streaming won't be able to bank on a big boost as video did. So far the numbers for the last 2 weeks look pretty much exactly the same. If anything, they might actually show a slight fall in how much people have been listening to Spotify.

The data says a lot about how we use music in 2020. The fall is less surprising when you consider that during more "normal" times, the amount of music streamed on Spotify peaks every Friday, before falling substantially over the weekend -- when most people actually have much more free time.

It suggests that people use music streaming as more of a distraction from boredom, say work or commuting, rather than an out-and-out leisure activity in its own right. Sorry Spotify (and artists), it looks like no coronavirus boost for you.

More Business

See all Business
Apple Store in Shanghai, China

Apple is back in the big time in China

The iPhone maker logged its strongest China sales in years as upgrades and switchers surged.

Tesla To Convert Fremont Car Factory Into It's Optimus Robot Factory

The economics of Tesla the company are still all about cars. The economics of Tesla the stock are not.

The company is ditching some of its EV models as it doubles down on robots, AI, energy, and self-driving.

business

Paramount+ wants to look a lot more like TikTok, leaked documents reveal

Larry Ellison’s Oracle just took a 15% stake in TikTok’s US arm. David Ellison’s Paramount streaming service could soon look a lot more like it.

According to leaked documents seen by Business Insider, Paramount+ is planning a big push into short-form, user-generated video in the vein of the addictive feeds of TikTok, Instagram Reels, and YouTube Shorts.

Per Business Insider, the documents reveal that short-form videos are a top priority for the streamer in the first quarter of 2026, and executives are working on adding a personalize feed of clips to the mobile app.

The move would follow similar mobile-centric plans from Disney, which earlier this month announced that it would bring vertical video to Disney+ this year, and Netflix, which during its earnings call said it would revamp its mobile app toward vertical video feeds and expand its short-form video features.

Streamers are increasingly competing for user attention with popular apps. YouTube is regularly the most popular streaming service by time spent.

Per Business Insider, the documents reveal that short-form videos are a top priority for the streamer in the first quarter of 2026, and executives are working on adding a personalize feed of clips to the mobile app.

The move would follow similar mobile-centric plans from Disney, which earlier this month announced that it would bring vertical video to Disney+ this year, and Netflix, which during its earnings call said it would revamp its mobile app toward vertical video feeds and expand its short-form video features.

Streamers are increasingly competing for user attention with popular apps. YouTube is regularly the most popular streaming service by time spent.

The Memorial Tournament presented by Workday - Previews

Starbucks’ CEO, Brian Niccol, made $30.9 million in 2025

That includes $997,392 in expenses related to his use of the company’s private jet.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.