December 22, 2014 3:59 PM ET

Internet Software and Services

Company Overview of Spotify Limited

Company Overview

Spotify Limited provides a digital music-streaming service that gives on-demand access of songs on devices, computers, mobiles, tablets, and home entertainment systems. Its services allow subscribers to search and discover music collections of friends, artists, and celebrities; build a personal collection playlist; and share music on Spotify, Facebook, Twitter, blog, and via email with friends. The company also allows artists to post tracks on social networks, share them with fans, and promote career. In addition, it provides advertising services. The company was founded in 2006 and is based in London, United Kingdom with operations in Surry Hills, Australia; Brussels, Belgium; Berlin, Germa...

Golden House

30 Great Pulteney Street

London,  W1F 9NN

United Kingdom

Founded in 2006

Phone:

44 2032 879 990

Fax:

44 2031 025 241

Key Executives for Spotify Limited

Founder and Chief Executive Officer
Co-Founder and Chairman of The Board
Age: 45
Managing Director and Sales Director of Australia & New Zealand
Managing Director of Uk Operations
Chief Product Officer
Compensation as of Fiscal Year 2014.

Spotify Limited Key Developments

Spotify Reports Earnings Results for the Year 2013

Spotify reported earnings results for the year 2013. The company announced its revenue grew by 74% in 2013 while net losses shrank by one third, in a year of spectacular expansion. Revenue reached EUR 746.9 million ($931 million), 91% of which came from premium members - paying users - and 9% from advertising. Net losses amounted to EUR 57.8 million in 2013, compared to EUR 86.7 million in 2012.

EMT and Spotify Start Partnership

EMT has started a partnership with the music streaming service Spotify and will start offering Spotify to subscribers soon. The partnership will allow EMT customers to have access to tens of millions of legal songs from the catalogue of Spotify. From July, EMT and Spotify plan to present an integrated music package. Details will be announced closer to the launch date.

Twitter reportedly Eyeing SoundCloud, Pandora Media And Spotify

Twitter, Inc. (NYSE:TWTR), which is planning to acquire SoundCloud Ltd., is also planning to acquire Pandora Media, Inc. (NYSE:P). The news report said cited people as saying that Twitter has been considering buying Pandora Media and Spotify Limited. According to the news report, Twitter and SoundCloud could not be immediately reached for comment.

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