Yes, both Netflix and Spotify are in a tough position where their rivals (Apple and Amazon) have a much larger war chest to chip away at the market leaders of both movies and music streaming.
Spotify is in a much worse competitive position than Netflix. Nothing separates Spotify from Apple Music. Any competitor can license music from all of the music providers. There is no reason for most people to keep both Spotify and Apple Music.
Netflix has spent years negotiating TV rights to third party content and releasing its own. Apple has a long way to go.
I think Apple Music is good for discovery. Probably not as good, but for many of us it hits the "good enough" mark. I confess I'm an Apple Music subscriber mostly because I'm just in that ecosystem, and it's relatively low effort; I'm also a Tidal subscriber because it was the only service integrated with Roon (a music server package I use), although I'm still debating that one.
Something similar. Yes. I’ve heard that it wasn’t as good. But is that something you would want to base your company on?
It’s just like Facebook stopped the growth of Snapchat just by introducing Stories.
There are literally almost two decades of failures in the streaming subscription music space. Like Jobs said about DropBox. Streaming music is becoming a feature not a product.
Netflix has spent years negotiating TV rights to third party content and releasing its own. Apple has a long way to go.