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February 13, 2016 8:29 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: 46
Managing Director and Sales Director of Australia & New Zealand
Chief Financial Officer
Age: 62
Managing Director of Uk Operations
Compensation as of Fiscal Year 2015.

Spotify Limited Key Developments

Amazon Partners with Domino's, Spotify and Uber for On-Demand Service

Amazon Echo partners with Domino's, Spotify, Uber for on-demand service. The purpose of the Amazon Echo is blossoming with the addition of new partnerships with Domino's, Uber and Spotify. The Bluetooth speaker and virtual personal assistant is said to be evolving and becoming an at-home contender in the world of mobile-based assistance from the likes of Apple, Google and Microsoft. Amazon disclosed its new partnership with Uber, making it possible to order a ride without using a phone. Amazon announced its partnership with Spotify, which allows users to make verbal music requests on the streaming service without lifting a finger. Amazon announced it will be working with Domino's to allow hands-free delivery and order-tracking.

Spotify Reportedly May Seek Initial Public Offering

Spotify Limited reportedly may seek a initial public offering. Spotify is seeking to raise $500 million from investors to finance future growth through convertible notes, Swedish daily Svenska Dagbladet reported on January 27, 2016. Citing bank documents and publishing screenshots of those on its website, Svenska Dagbladet said Spotify planned to offer notes with a 4% yield which would convert into Spotify shares in case of a future initial public offering at a discount to the IPO price. Spotify spokespersons were not immediately available for comment.

George Ergatoudis to Join Spotify Next Year

BBC Radio 1 and 1Xtra head of music George Ergatoudis will join Spotify next year to lead its in-house music curation strategy and content programming for the UK. He will take up the newly-created position of head of content programming for the UK at Spotify in March after 10 years in the Radio 1 job. The corporation is already hunting for his successor.

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