Spotify technology SA is a Swedish leisure employer based with the aid of Daniel Ek and Martin Lorentzon. It specializes in music, podcast, and video streaming provider that released on 7 October 2008. it’s miles positioned in Stockholm, Sweden. It affords DRM-blanketed content from document labels and media companies. Spotify is a freemium service; primary features are free with classified ads or limitations, even as extra capabilities, inclusive of progressed streaming exceptional and song downloads, are supplied thru paid subscriptions.
Spotify APK is to be had in most of Europe, most of the Americas, Australia, New Zealand, and elements of Asia. it is available for maximum modern gadgets, which includes windows, macOS, and Linux computers, as well as iOS, windows telephone and Android smartphones and capsules. song can be browsed through or looked for by means of parameters including artist, album, style, playlist, or report label. users can create, edit, and share playlists and tracks on social media, and make playlists with other customers.
Spotify gives get entry to to more than 35 million songs. It had one hundred seventy million monthly lively customers as of may 2018, 75 million of these users are paying subscribers.
not like physical or download income, which pay artists a fixed price consistent with track or album sold, Spotify can pay royalties based on the range of artists’ streams as a percentage of total songs streamed. It distributes about 70% of general revenue to rights holders, who then pay artists based totally on their man or woman agreements.
Spotify has confronted grievance from artists and manufacturers along with Taylor rapid and Thom Yorke, who argued that it does no longer pretty compensate musicians. In April 2017, as part of its efforts to renegotiate license deals for an interest in going public, Spotify announced that artists will be able to make albums temporarily distinct to the top rate carrier if they may be a part of commonplace song group and Merlin network.
On 28 February 2018, Spotify filed for direct listing on the ny inventory trade. Spotify’s shares started trading on 3 April 2018.