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Spotify
Address: 🇸🇪 Regeringsgatan 19, 111 53 Stockholm, Sweden
Spotify is a proprietary Swedish audio streaming and media services provider founded on 23 April 2006 by Daniel Ek and Martin Lorentzon. It is one of the largest music streaming service providers, with over 527 million monthly active users, including 210 million paying subscribers, as of March 2023. Spotify is listed on the New York Stock Exchange in the form of American depositary receipts. Wikipedia
Website: spotify.com
Symbol: NYSE:SPOT
Owns
Latest news
- Jun 9: Spotify is to run a free masterclass next week on "unlocking your podcast potential". One of the speakers is Maya Prohovnik, VP of Podcast Product at Spotify, as well as Jordan Newman, Spotify’s Head of Podcast Partner Management, and Gael Aitor from Teenager Therapy.
- Jun 8: Spotify is to make more of its exclusive shows available on other platforms. Armchair Expert became a Spotify exclusive in July 2021 in a three year deal, but Bloomberg reports it will shortly be available elsewhere.
- Jun 7: 14,000 podcasters have had their Anchor usernames, emails and passwords posted on a Russian-language black-hat hacking website. (Change those passwords!)
- Jun 6: Spotify is to cut 200 jobs from its podcasting division. The company says that's 2% of Spotify's global workforce; but these are substantial cuts to the podcast division. While Spotify couldn't tell us how many staff work in podcasting overall, various reports suggest Gimlet has around 125 employees, Parcast has about 40, and The Ringer about 120.
- Jun 5: Jemele Hill is "to leave Spotify" (Bloomberg), and is looking for a new home for her podcast (Hollywood Reporter), but "a lot of what’s been reported just isn’t true" (Jemele Hill via Twitter). Her show is exclusive on Spotify. In June 2021 Hill announced The Unbothered Network, which launched two shows in Oct 2022: Sanctified and The Black Girl Bravado.
Data credits: Google Maps, Podnews newsletter, Wikipedia