Spotify (/ˈspɒtɪfaɪ/; Swedish: [ˈspɔ̂tːɪfaj]) is a Swedish Audio streaming and media services provider founded on 23 April 2006 by Daniel Ek and Martin Lorentzon.[5] It is the world's largest music streaming service provider, with over 381 million monthly active users, including 172 million paying subscribers, as of September 2021.[6] Spotify is listed (through a Luxembourg City-domiciled holding company, Spotify Technology S.A.[2]) on the New York Stock Exchange in the form of American depositary receipts.
Spotify offers digital copyright restricted recorded music and podcasts, including more than 70 million songs, from record labels and media companies.[6] As a freemium service, basic features are free with advertisements and limited control, while additional features, such as offline listening and commercial-free listening, are offered via paid subscriptions. Spotify is currently available in 180+ countries as of October 2021. Users can search for music based on artist, album, or genre, and can create, edit, and share playlists.
Spotify is available in most of Europe and the Americas, Oceania, and more than 40 countries in Africa as of July 2021[7] (including South Africa and Mauritius) and Asia. By the end of 2021,[8] Spotify is expected to operate in a total of 178 countries.[9][10] 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.[11] It is also on tv subscription boxes like Sky Q Boxes
Unlike physical or download sales, which pay artists a fixed price per song or album sold, Spotify pays royalties based on the number of artist streams as a proportion of total songs streamed. It distributes approximately 70% of its total revenue to rights holders (often record labels), who then pay artists based on individual agreements.[12] According to Ben Sisario of The New York Times, approximately 13,000 out of seven million artists on Spotify generated $50,000 or more in payments in 2020.[13]
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TBA
- ↑ 1.0 1.1 [TBA About us].
- ↑ 2.0 2.1 2.2 2.3 2.4 2.5 [TBA 20-F].
- ↑ [TBA Spotify 2020 Sustainability Report].
- ↑ [TBA Spotify AB].
- ↑ [TBA Spotify UK revenues surge to almost £190m as mobile subscriptions take off] (en) (2016-10-14).
- ↑ 6.0 6.1 [TBA Company Info] (27 October 2021).
- ↑ [TBA Where is Spotify available?] (en-US).
- ↑ [TBA Spotify is launching in 85 new countries: Here's the full list] (en-US) (2021-02-23).
- ↑ Spangler, Todd (2021-02-22). [TBA Spotify to Launch in 85 New Markets].
- ↑ Shead, Sam (2021-02-23). [TBA Spotify plans to launch in over 80 more countries] (en).
- ↑ [TBA Spotify Music]. Roku.
- ↑ Sehgal, Kabir. "[TBA Spotify and Apple Music should become record labels so musicians can make a fair living]", CNBC, 26 January 2018.
- ↑ Ovide, Shira. "[TBA Streaming Saved Music. Artists Hate It.]", The New York Times, 2021-03-22. (in en-US)