July 25, 2017 5:55 AM 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: 48
Managing Director and Sales Director of Australia & New Zealand
Chief Financial Officer
Age: 64
Managing Director of Uk Operations
Compensation as of Fiscal Year 2017.

Spotify Limited Key Developments

Spotify Limited Presents at MMA CEO & CMO SUMMIT, Jul-24-2017 03:00 PM

Spotify Limited Presents at MMA CEO & CMO SUMMIT, Jul-24-2017 03:00 PM. Venue: Meritage Resort & Spa, 875 Bordeaux Way, Napa, CA 94558, United States. Speakers: Les Hollander, Global Head of Ad Product & Partner Sales.

Music Streamers Reportedly Express Interest In SoundCloud Deal

A new phase of consolidation is about to hit streaming music services. The latest player to go on the block is SoundCloud Limited. SoundCloud is being eyed by a host of players, The Post has learned. Deezer S.A. is one of the suitors, sources said. Apple Inc. (NasdaqGS:AAPL) is again said to be in the mix as it eyes a free ad-supported bolt-on to its 20 million paid Apple Music, sources said. Apple’s Jimmy Iovine had previously been interested in SoundCloud Limited but some Cupertino insiders last week were talking down the prospect, calling it “fake news.” Of course, a number of private equity players are circling, industry sources said. While it’s unclear who among the buyout bigwigs in serious pursuit and who is casually kicking the tires, KKR & Co. L.P. (NYSE:KKR) is interested in the space. Spotify Limited is also said to be discussing a bid, according to sources close to the talks, while Google was said to be circling, as well. SoundCloud is being viewed as a key chess piece in the game to build a rival to the Big Four: Spotify, Apple, Amazon and YouTube. Of all the suitors, Deezer S.A. is said to be the most interested. “Deezer is making a serious run,” said a senior music source. “There will be a lot of consolidation, if you are Deezer or Spotify. SoundCloud’s massive user base — one that is melting as it grapples with a shrinking pile of cash — lets you convert,” into a much bigger player, said a source familiar with talks. SoundCloud declined to comment.

Spotify Reportedly Abandon Plans To Acquire SoundCloud

Spotify Limited has abandoned plans to acquire SoundCloud Limited, as it gears up for an initial public offering in 2017. However, the deal has fallen through because Spotify did not want to slow its path towards a flotation with the costs and licensing agreements needed to buy SoundCloud, according to someone familiar with the matter. SoundCloud and Spotify declined to comment.

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