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Where is Spotify based?
Stockholm, SwedenSpotify

Type of business Public
Traded as NYSE: SPOT Russell 1000 component
Founded 23 April 2006
Headquarters Stockholm, Sweden
Country of origin Sweden

Spotify is a Swedish music streaming platform and is currently owned by its founders, Daniel EK and Martin Lorentzon, along with some institutional investors, including Baillie Gifford & Co. and Morgan Stanley.Spotify is headquartered in Stockholm City, Stockholm, Sweden.

Is Spotify profitable : Music streaming giant Spotify has announced record profits of over €1bn (£860m) after a year of cutting costs and laying off staff. The Swedish company has been growing its user base for years, offering subscribers access to podcasts and audiobooks.

Who owns most of Spotify

Daniel G. Ek
The top institutional shareholders of Spotify are Daniel G. Ek and Martin Lorentzon. For institutional firms, Baillie Gifford & Co., Morgan Stanley (MS), and T. Rowe Price Associates Inc.

Which country uses Spotify the most : The United States
The United States is responsible for the single largest Spotify market in the world.

Jay Z has also been a vocal critic of tech companies over the issue of compensating artists; in 2015 at an event in New York he had targeted Google, Spotify and Apple, saying they paid artists much less than what they deserved. This could explain his move from Spotify, a company he views as not being artist friendly.

Daniel Ek is a billionaire and CEO of one of the world's best-known companies — but says he still feels "inadequate every day." The Spotify chief made the comment on Norges Bank Investment Management's podcast "In Good Company" last month.

Is Spotify a European company

Starting out as a small startup in Stockholm, Sweden, Spotify has grown their company into the largest digital music business in the world. They have a more than 50 percent share of the European market, and on iOS, Spotify has an even higher share than they do on Android.Founded by Daniel Ek and Martin Lorentzon, Spotify actually started as a small start-up in Stockholm, Sweden. They developed the platform in 2006 as a response to the growing piracy problem the music industry was facing.Total debt on the balance sheet as of March 2024 : $1.90 B

According to Spotify's latest financial reports the company's total debt is $1.90 B. A company's total debt is the sum of all current and non-current debts.

The cost of content is really expensive. If you're going to be an effective music streaming service, you really do need to have essentially all of the world's music, and so you have to pay to license that music. Nearly 70 cents of every dollar that Spotify makes from streaming music goes to music rights holders.

Who is No 1 Spotify person in the world : Most-followed artists

English singer-songwriter Ed Sheeran is the most-followed artist on Spotify. As of May 2024, English singer-songwriter Ed Sheeran is the most-followed artist on Spotify, while American singer-songwriter Taylor Swift is the most-followed female artist.

Who is world No 1 on Spotify : There's been movement in the top ten most-streamed artists Spotify list since we last checked in January earlier this year, Taylor Swift over taking Drake in the top position, thanks to her recent successful albums and global Eras Tour. Drake still leads the pack as the most-followed male artist.

Did Beyonce break Spotify

Beyonce's 'Cowboy Carter' is Spotify's most-streamed album in a single day in 2024.

Whether Tidal is “better” than Spotify depends on individual preferences. Tidal offers hi-fi and master quality sound, which may appeal to audiophiles or those who prioritize sound quality. Spotify, on the other hand, has a vast music library and is well-known for its curated playlists and discovery features.The top shareholders of Spotify include co-founders Daniel G. Ek and Martin Lorentzon, with Ek owning 15.6% of total shares and Lorentzon owning 10.9%. Institutional investors like Baillie Gifford & Co., Morgan Stanley, and T. Rowe Price Associates Inc.

How much did Spotify CEO make : The Spotify CEO hasn't taken a salary since 2017, according to company filings. He was probably one of the worst-paid major tech CEOs last year, as the boss held off on selling any shares in the company. He received $1.4 million in “other compensation.”