who own spotify

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The multi-billion music streaming company Spotify is primarily owned by its founders, Daniel Ek and Martin Lorentzon

Martin Lorentzon
Sven Hans Martin Lorentzon (pronounced [ˈmǎʈːɪn ˈlôːrɛnˌsɔn]; born 1 April 1969) is a Swedish entrepreneur and co-founder of Tradedoubler and Spotify. From 2013 to 2018 he was on the board of Telia Company.

. As of 2021, Daniel Ek has 16.7% ownership of ordinary shares and 31.9% of the voting power.Mar 17, 2022

Who is the top owner of 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 …

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 ownership by the likes of Sony Music Entertainment, Tencent Music Entertainment, Baillie Gifford, and Morgan Stanley.

Is Spotify owned by China?

Jan 07, 2021 · The top shareholders of Spotify are Daniel G. Ek, Sven Hans Martin Lorentzon, Baillie Gifford & Co., Morgan Stanley, Tencent Holdings, and T. Rowe Price Associates.

Does Blackrock own Spotify?

10 rows · Spotify (NYSE: SPOT) is owned by 57.11% institutional shareholders, 0.00% Spotify insiders, …

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Is Spotify Google owned?

Spotify and Google will remain as two independent companies in 2021.

Does Jay Z own Spotify?

In the beginning it was all good at Tidal, with artists like Beyoncé, Kanye West, Madonna and Chris Martin to name a few, who all had an ownership stake in the company. Each of the artists reportedly were given 3% equity in the platform, with Jay-Z holding the remaining stake.Dec 9, 2019

Is Spotify owned by the Chinese?

Spotify, as you know, was founded in 2006 in Sweden. It was founded by Daniel Ek and Martin Lorentzon. In the same year, the first Spotify office was opened in Stockholm. To date, the company has managed to attract many large investors, among which, as far as is known, there are no Chinese ones.

Who made Spotify ++?

Spotify offers digital copyright restricted recorded music and podcasts, including more than 82 million songs, from record labels and media companies.

Spotify.
Type of business Public (Société Anonyme)
Founder(s) Daniel Ek Martin Lorentzon
Industry Audio streaming Podcasting
Revenue €9.668 billion (2021)

17 more rows

Why did Jay-Z put his music back on Spotify?

To celebrate his 50h, the artist better known as Jay Z has returned his entire music catalog to Spotify where he’s sure to cash in on this gift to subscribers. Jay Z owns the rival music streaming service Tidal.Dec 4, 2019

How much of Spotify does China own?

Spotify and Tencent

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?

After a brief disappearance from Spotify, The Joe Rogan Experience is back on Spotify, but other shows produced by The Ringer, Gimlet, and Parcast still appear to be missing from the streaming service.Feb 18, 2022

Does Amazon own Spotify?

Amazon is not the owner of Spotify, but rather owns a similar company called Amazon Music. However, customers are able to download Spotify from the Amazon Appstore, and they are able to use the app on a number of Amazon devices. As well, Spotify gift cards for memberships can be purchased from Amazon.com.
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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.

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How many countries will Spotify be available in 2021?

By the end of 2021, Spotify is expected to operate in a total of 178 countries. The service is available on most modern devices including Windows, macOS, and Linux computers, iOS and Android smartphones and tablets and AI enabled smart speakers such as Amazon Echo and Google Home.

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

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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.

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 .

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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.

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

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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 

Who owns Spotify?

Spotify co-founder and CEO Daniel Ek in Helsinki in 2016. Vesa Moilanen/Shutterstock. Spotify is proud of its independent status. Yes, the $26 billion-valued streaming service is partially owned by a raft of corporate giants, from Tencent (9.2 percent) to Baillie Gifford (9.7), TCV (5.3) and Tiger Global (7.1).

Is Spotify owned by a corporation?

Industry insiders suggest Spotify will eventually end up under the ownership of a larger corporation. Here are five that could make a play for the streaming giant. Spotify co-founder and CEO Daniel Ek in Helsinki in 2016. Spotify is proud of its independent status. Yes, the $26 billion-valued streaming service is partially owned by a raft …

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Is Spotify owned by Tencent?

Spotify is proud of its independent status. Yes, the $26 billion-valued streaming service is partially owned by a raft of corporate giants, from Tencent (9.2 percent) to Baillie Gifford (9.7), TCV (5.3) and Tiger Global (7.1). And, yes, Spotify raised $1 billion in convertible debt three years ago, via the likes of TPG, Dragoneer, …

Is Spotify a pure play company?

And yet, relative to the rest of 2019’s blockbuster music-streaming pack, Spotify remains something of a plucky underdog. The company, which floated on the New York Stock Exchange last year, is the only “pure-play” major music-streaming company in existence.

Does Netflix help Spotify?

Netflix could help Spotify become a real player in the world of original content ownership, drastically reducing SPOT’s biggest financial drain (royalty payments to music rights-holders, which suck around 70 percent of its revenues away every year).

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Does Samsung own Spotify?

Samsung ownership of Spotify, whether in part or full, would bring the Korean company more in line with Apple, which uses Apple Music, part of its Services division, both to drive revenue and fuel interest in its hardware. Samsung previously ran its own music service, Milk Music, but canned it in 2016.

How much did Spotify lose in 2019?

Its status as a perpetual loss-making business is becoming less severe; in the first half of 2019, according to its filings, Spotify posted a €228 million pre-tax loss, less than half the €572 million equivalent loss from the same period in 2018.

When did Spotify start?

Spotify transformed music listening forever when it launched in 2008.

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What is Spotify’s mission?

Our mission is to unlock the potential of human creativity— by giving a million creative artists the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by it. About Spotify. Spotify transformed music listening forever when it launched in 2008.

Overview

Spotify is a non-free Swedish audio streaming and media services provider founded on 23 April 2006 by Daniel Ek and Martin Lorentzon. It is one of the largest music streaming service providers, with over 406 million monthly active users, including 180 million paying subscribers, as of December 2021. Spotify is listed (through a Luxembourg City-domiciled holding company, Spotify Technol…

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

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

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