Trade Spotify Technology
Spotify (; Swedish: [ˈspɔ̂tːɪfaj] is a Swedish company that provides voice and media services, launched in October 2008. The platform is owned by Spotify AB, a public shareholding company on the New York Stock Exchange since 2018 through its Luxembourg-based holding company Spotify Technology S.A. Spotify's global headquarters are located in Stockholm, Sweden and corporate headquarters in New York City.Spotify offers restricted digital copyright to recorded music and podcasts, including more than 70 million songs, from record labels and media companies. As a freemium service, basic features are free with limited advertising and control, while additional features, such as offline listening and offline listening, are offered via paid subscriptions. Users can search for music based on artist, album, or genre, and can create, edit, and share playlists. Spotify is available in most of Europe, the Americas, Oceania and parts of Africa and Asia. In 2021, Spotify announced an expansion of an additional 85 countries, making its services available in a total of 170 countries. The service is available on most modern devices including Windows, macOS, Linux, smartphones and AI tablets that have enabled them like Amazon Echo and Google Home. As of December 2020, the program has 345 million monthly active users, including 155 million paying subscribers. Unlike actual sales or downloads, which pay artists a fixed price for each song or album sold, Spotify pays royalties based on the number of artist streams as a percentage of the total Streaming songs. Approximately 70% of its total revenue is distributed to rights holders (often marks are registered), who then pay artists on the basis of individual agreements. Spotify faced criticism from artists and producers including Taylor Swift and Tom York, who argued that it did not compensate musicians fairly. In 2017, as part of its efforts to renegotiate licensing deals in interest in going public, Spotify announced that artists would be able to make temporaryly exclusive albums for paid subscribers if the albums were part of universal music group or Merlin Network.