Who is the top owner of Spotify?
The short version: Tencent Holdings is about to own 10 percent of Universal, which in turns owns around 3.5 percent in Spotify, which in turn owns around nine percent in Tencent Music …
Who makes money from Spotify?
Apr 05, 2022 · Who Owns Spotify? The two co-founders of Spotify, Daniel Ek and Martin Lorentzon, still have the largest shares in the business, however, they are now joined in their …
Is Spotify owned by China?
The short version: Tencent Holdings is about to own 10 percent of Universal, which in turns owns around 3.5 percent in Spotify, which in turn owns around nine percent in Tencent Music …
Does Blackrock own Spotify?
Spotify (NYSE: SPOT) is owned by 57.11% institutional shareholders, 0.00% Spotify insiders, and 42.89% retail investors. Baillie Gifford Co is the largest individual Spotify shareholder, owning …
Is Spotify owned by Google?
Is Spotify owned by the Chinese?
Does Jay Z own Spotify?
How much of Spotify does China own?
Spotify received a 9% share of Tencent Music Entertainment Group while Tencent received a 7.5% stake in Spotify, though between Tencent and Tencent Music, the two affiliated companies would eventually own about 9% of Spotify, which currently makes them the Swedish firm’s third-largest shareholder.
Jan 15, 2021
Does Joe Rogan on Spotify?
Why did Jay-Z put his music back on Spotify?
Did Jay-Z quit music?
Who made Spotify ++?
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Spotify.
| Type of business | Public (Société Anonyme) |
|---|---|
| Founder(s) | Daniel Ek Martin Lorentzon |
| Industry | Audio streaming Podcasting |
| Revenue | €9.668 billion (2021) |
Who is the founder of Spotify?
Spotify ( /ˈspɒtɪfaɪ/; Swedish: [ˈspɔ̂tːɪfaj]) is a Swedish audio streaming and media services provider founded in 2006 by Daniel Ek. It is the world’s largest music streaming service providers, with over 356 million monthly active users, including 158 million paying subscribers, as of March 2021.
Where was Spotify founded?
Spotify was founded in 2006 in Stockholm, Sweden, by Daniel Ek, former CTO of Stardoll, and Martin Lorentzon, co-founder of Tradedoubler. According to Ek, the company’s title was initially misheard from a name shouted by Lorentzon. Later they thought out an etymology of a combination of “spot” and “identify.”
Where is Spotify available?
Spotify is available in most of Europe and the Americas, Oceania and more than 40 countries in Africa as of July 2021 (including South Africa and Mauritius) and Asia. By the end of 2021, Spotify is expected to operate in a total of 178 countries.
When did Spotify open for free?
In February 2009, Spotify opened public registration for the free service tier in the United Kingdom. Registrations surged following the release of the mobile service, leading Spotify to halt registration for the free service in September, returning the UK to an invitation-only policy.
When did Spotify launch?
Spotify launched in the United States in July 2011 …
What song has the most streams on Spotify?
Later that month, Drake’s song “ One Dance ” became the first song to hit one billion streams on Spotify. Upon its release in August 2017, the single ” Look What You Made Me Do ” by Taylor Swift earned over eight million streams within 24 hours, breaking the record for the most single-day streams for a track.
When did Spotify go public?
Spotify went public on the stock market in April 2018 using a direct public offering rather than an initial public offering. This approach is not intended to raise fresh capital, but to let investors get their returns. Morgan Stanley is the company’s slated advisor on the matter.
Who owns Spotify?
In total, at the close of last year, SEC documents show that exactly 65 percent of Spotify was owned by just six parties: the firm’s co-founders , Daniel Ek and Martin Lorentzon (30.6 percent of ordinary shares between them); Tencent Holdings Ltd. (9.1 percent); and a run of three asset-management specialists : Baillie Gifford (11.8 percent), Morgan Stanley (7.3 percent), and T.Rowe Price Associates (6.2 percent). These three investment powerhouses owned more than 25 percent of Spotify between them — a fact worth remembering next time there’s an argument about whose interests Spotify is acting in when it makes controversial moves (for example, SPOT’s ongoing legal appeal against a royalty pay rise for songwriters in the United States).
How much is Spotify worth in 2019?
Last year saw Spotify’s public valuation on the New York Stock Exchange rise as high as $28.34 billion ($157.66 per share on August 8th) but sink as low as $19.65 billion ($112.52 per share, October 1st) during a tempestuous third quarter.
What is Spotify technology?
Spotify Technology S.A. ( SPOT) offers an audio-streaming subscription service. The company monetizes its service through monthly fees for its premium subscription service and through sales of advertising associated with its free streaming service.
How much revenue does Spotify have in 2021?
Spotify has a 12-month trailing net loss of $740.5 million and revenue of $8.5 billion. The company’s market cap is about $60.6 billion. These financial data are as of January 5, 2021. 1 .
What is Spotify 2021?
Updated Jan 7, 2021. Spotify Technology S.A. ( SPOT) offers an audio-streaming subscription service. The company monetizes its service through monthly fees for its premium subscription service and through sales of advertising associated with its free streaming service.
What are institutional investors in Spotify?
Institutional investors hold the majority of Spotify’s shares at about 55-57% of total shares outstanding. 2 3 Each of these shareholders is considered an institutional investor even though the first two are names of individuals. The term “institutional” does not necessarily refer to a financial institution. It is used in this context to designate an investor with significant holdings of a security and who must therefore file specific documents with the Securities and Exchange Commission ( SEC ). Investment managers with at least $100 million in assets under management ( AUM) must file a 13F form each quarter. An individual or group that acquires more than 5% of a company’s shares must file within 10 days of the transaction a 13D form, or in certain cases the simpler 13G form. Any investor filing one of these forms is considered an institutional investor.
Who is Matthew Johnston?
Matthew Johnston has more than 5 years writing content for Investopedia. He is an expert on company news, market news, political news, trading news, investing, and the economy. He received his bachelor’s degree in interdisciplinary studies from St. Stephen’s University and his master’s degree in economics at The New School for Social Research. He teaches macroeconomics at St. Stephen’s University.
How many shares does Daniel Ek own?
Daniel Ek owns 34.5 million shares of Spotify, representing 18.2% of total shares outstanding, according to his 13G filing for the period ending December 31, 2019. 4 Mr. Ek is the co-founder and chief executive officer ( CEO) of Spotify. He founded the company in 2006 with his business partner, Martin Lorentzon. Spotify has since grown into a leading music-streaming service. 5 Mr. Ek oversaw the company’s initial public offering ( IPO) in 2018. Before Spotify, he founded an online marketing firm called Advertigo, which he sold to Sweden-based TradeDoubler AB in 2006. 6 Mr. Ek has a net worth of $4.9 billion. 7
How many shares does Martin Lorentzon own?
Martin Lorentzon owns 22.4 million shares of Spotify, representing 11.8% of total shares outstanding, according to his 13G filing for the period ending December 31, 2019. 4 Mr. Lorentzon is the other co-founder of Spotify and currently serves as the company’s vice chair. 8 He is responsible for designing and implementing strategies, budgets, and goals. 9 From 2008 to 2016, Mr. Lorentzon served as the company’s chair of the board. In 1999, he founded TradeDoubler, the company to which Mr. Ek sold Advertigo in 2006. Mr. Lorentzon also served on the board of directors of Telia Company AB, Sweden’s primary telecom operator, between 2013 and 2018. 10 He has a net worth of $7 billion. 11
Overview
History
Spotify was founded in 2006 in Stockholm, Sweden, by Daniel Ek, former CTO of Stardoll, and Martin Lorentzon, co-founder of Tradedoubler. According to Ek, the company’s title was initially misheard from a name shouted by Lorentzon. Later they thought out a portmanteau of “spot” and “identify.”
In February 2009, Spotify opened public registration for the free service tier in t…
Business model
Spotify operates under a freemium business model (basic services are free, while additional features are offered via paid subscriptions). Spotify generates revenue by selling premium streaming subscriptions to users and advertising placements to third parties. Some of the premium options users may choose from include individual, duo, family, and student.
In December 2013, the company launched a new website, “Spotify for Artists, ” explaining its busi…
Platforms
Spotify has client software currently available for Windows, macOS, Android, iOS, iPadOS, PlayStation 4, PlayStation 5, Xbox One and Xbox Series X/Sgame consoles. Spotify also offers an official, although unsupported (developed as a “labour of love” by Spotify engineers; support is offered through the Spotify Community), version of Spotify for Linux clients. Spotify also offers a proprieta…
Sponsorship
• Barcelona
• Barcelona Femení
• Barcelona
• Barcelona Femení
Accolades
In September 2010, the World Economic Forum (WEF) announced the company as a Technology Pioneer for 2011.
Criticism
Spotify has attracted significant criticism since its 2006 launch. The primary point of criticism centres around what artists, music creators, and the media have described as “unsustainable” compensation. Unlike physical sales or legal downloads (both of which were the main medium of listening to music at the time), which pay artists a fixed amount per song or album sold, Spotify pays ro…
See also
• Comparison of music streaming services
• List of podcast clients
• Tech companies in the New York metropolitan area
• List of most-streamed songs on Spotify