Spotify Technology S.A. (/ˈspɒtɪfaɪ/) is a Swedish media-offerings provider based in 2006. The business enterprise’s primary enterprise is its audio streaming platform that provides DRM-protected song and podcasts from document labels and media organizations. As a freemium carrier, primary functions are loose with classified ads or automatic track films, whilst additional functions, together with improved streaming best, are provided thru paid subscriptions.
Launched on 7 October 2008, the Spotify platform affords to get right of entry to to over 40 million tracks. customers can browse by using parameters which include artist, album, or style, and may create, edit, and percentage playlists. Spotify is available in a maximum of Europe and the Americas, Australia, New Zealand, and components of Africa and Asia, and on maximum cutting-edge gadgets, including Windows, macOS, and Linux computer systems, and iOS, home windows phone, and Android smartphones and pills. As of April 2019, it had 217 million monthly lively users, together with a hundred million paying subscribers.
Unlike physical or download sales, which pay artists a set price according to music or album offered, Spotify will pay royalties based totally at the wide variety of artists’ streams as a percentage of general songs streamed. It distributes about 70% of overall revenue to rights holders, who then pay artists based totally on their character agreements. Spotify has confronted criticism from artists and manufacturers along with Taylor Swift and Thom Yorke, who has argued that it does no longer pretty compensate musicians. In 2017, as part of its efforts to renegotiate license deals for an interest in going public, Spotify introduced that artists could be able to make albums temporarily exclusive to paid subscriptions if they’re part of universal music institution or the Merlin network.
Spotify is situated in Stockholm, Sweden. For the reason that February 2018 it’s been indexed at the big apple inventory alternate. In September 2018, the employer moved its the big apple workplaces to four international change middle.