Spotify is an audio streaming service co-founded by Daniel Ek and Martin Lorentzon in Sweden, launched in 2008 with a licensed, ad-supported and paid-subscription catalog of music offered as an alternative to the music piracy widespread at the time. It became the world's largest music streaming service by subscribers, later expanding heavily into podcast hosting and distribution, and its per-stream royalty payment model has been a persistent point of contention with recording artists and labels.
Facts
Classification
Sector (GICS) Offering Kind MakerDaniel Ek and Martin Lorentzon 1 Connections
Associated With
Spotify's subscription and freemium streaming model reshaped how the music industry distributes recordings and pays rights holders.
Source Wikipedia, Music Industry
Sources
1. Spotify - Wikipedia
History, launch
launched in several European markets in October 2008 and in the United States in July 2011.
Lead paragraph, founders
Spotify is a Swedish freemium music streaming service provider founded in April 2006 by Daniel Ek and Martin Lorentzon.
Introduction, GICS sector classification
Spotify is a Swedish freemium music streaming service provider founded in April 2006 by Daniel Ek and Martin Lorentzon.
Introduction, offering kind classification
Spotify is a Swedish freemium music streaming service provider founded in April 2006 by Daniel Ek and Martin Lorentzon.
View the SourceWikipedia, Music Industry
Reader Challenges (0)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.