who-owns-spotify

Who Owns Spotify?

The multi-billion music streaming company Spotify is primarily owned by its founders, Daniel Ek and Martin Lorentzon. Daniel Ek has 18.5% ownership of ordinary shares and 33.6% of the voting power. Where Martin Lorentzon has 12.1% of ordinary shares and 43.8% of the voting power. Another key shareholder is Baillie Gifford & Co, a Scottish-based money management firm, followed by Tencent.

Beneficial Ownership of Spotify (Source: Spotify Financials)
How Spotify was organized as of 2017, based on the various entities across the world (Source: Spotify F-1).
spotify-business-model
Spotify is a two-sided marketplace where artists and music fans encounter on a single platform. Founded in 2008 with the belief that music should be universally accessible with a seamless experience based on streaming audio and video. It generated over €4 billion in 2017, of which almost 90% based on premium memberships and 10% based on a free service which is ad-supported. The company recorded an operating loss of €378 million in 2017.

Read More: Spotify Business Model, Subscription Business Models, Business Models.

Published by

Gennaro Cuofano

Gennaro is the creator of FourWeekMBA which target is to reach over two million business students, executives, and aspiring entrepreneurs in 2020 alone | He is also Head of Business Development for a high-tech startup, which he helped grow at double-digit rate | Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy | Visit The FourWeekMBA BizSchool | Or Get in touch with Gennaro here