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Spotify was founded in 2006 in Stockholm, Sweden, by Daniel Ek, former CTO of Stardoll, and Martin Lorentzon, co-founder of Tradedoubler. According to Ek, the company's title was initially misheard from a name shouted by Lorentzon. Later they conceived a portmanteau of "spot" and "identify". Early international launches
List of most-streamed artists on Spotify. American singer-songwriter Taylor Swift is the most-streamed artist in Spotify's history. Canadian rapper Drake is the most-streamed male artist in Spotify's history. South Korean boy band BTS is the most-streamed group in Spotify's history, as well as the most-followed group on the platform.
Spotify's most-streamed song for the longest period of time was "Shape of You" (2017) by the English singer-songwriter Ed Sheeran. Currently, more than 640 songs have surpassed one billion streams on Spotify, 84 have surpassed two billion, and nine have surpassed three billion. "Blinding Lights" by the Weeknd is the only song that has surpassed ...
Spotify reeled in fewer new users overall than it expected in the first quarter of 2024, but the audio-streaming giant touted “record strength” in profitability. Total monthly active users ...
UPDATED: Spotify was hit with a cease-and-desist letter from the National Music Publishers Assn. over its use of lyrics in its recently launched video function and podcasts, and its remix feature ...
Spotify has previously said it expects the metric to come in between 30% and 35% over the long term amid plans to further scale its podcasting and ads business. Revenue, meanwhile, totaled 3.64 ...
March 19, 2024 at 12:01 AM. LOS ANGELES (AP) — Spotify paid out $9 billion in streaming royalties last year, the streaming giant said Tuesday in its latest “Loud and Clear” report. Spotify's ...
Entrepreneur. Known for. Co-founder of Tradedoubler and Spotify. Board member of. Spotify. Sven Hans Martin Lorentzon ( pronounced [ˈmǎʈːɪn ˈlôːrɛnˌsɔn]; born 1 April 1969) is a Swedish entrepreneur and co-founder of Tradedoubler and Spotify. [1] From 2013 to 2018 he was on the board of Telia Company. Since April 2019, he has been an ...
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